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Malik Gas Agency (Chandigrah Union Terri...

Malik Gas Agency (Chandigrah Union Territory purchased some gas cylinders for industrial use for 24,500, and sold them to the local customer for 26,500. Find the GST to be paid at the rate of 5% and hence the CGST andd UTGST to be paid for this transaction. (for
Union Territories there is UTGST instead of SGST).

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The correct Answer is:
`therefore` The GST to be apid at the rate of 5% is 100 and hence, CGST and UTGST paid for the transaction is 50 each.
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