alleryA shopkeeper in Lucknow buys at Rs 10000, then sells within Lucknow for Rs 12000, both at 12% GST. Net CGST he pays is
ARs 600
BRs 720
CRs 120
DRs 240
Answer & Solution
Correct answer: C. Rs 120
1. Lucknow buyer-seller intra-state.
2. GST collected = 12% of 12000 = 1440, CGST half = 720.
3. GST paid = 12% of 10000 = 1200, CGST half = 600.
4. Net CGST = 720 - 600 = Rs 120.
_Source: Selina Concise Mathematics Class 10, Ch on Value Added Tax / GST (Mistral OCR'd PDF), section on net CGST_
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