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Shopkeeper buys at Rs 4000 + 12% GST and sells within state at Rs 5000 + 12% GST. Net SGST payable is
ARs 240
BRs 120
CRs 300
DRs 60
Answer & Solution
Correct answer: D. Rs 60
1. Intra-state, SGST = half of GST.
2. SGST on sale = 6% of 5000 = Rs 300.
3. SGST credit on purchase = 6% of 4000 = Rs 240.
4. Net SGST = 300 - 240 = Rs 60.
_Source: Selina Concise Mathematics Class 10, Ch on Value Added Tax / GST (Mistral OCR'd PDF), section on intra-state credit_
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