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A trader from Surat sold cotton clothes ...

A trader from Surat sold cotton clothes to a trader in Rajkot. The taxable value of cotton clothes is ₹2.5 lakhs. What is the amount of GST at 5% paid by the trader in Rajkot.

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The correct Answer is:
`therefore` Trader of Rajkot has to pay GST of 12,500
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TARGET PUBLICATION-FINANCIAL PLANNING -Practice Set 4A
  1. Rate of GST (%) on essential commodities is….a)0 b)5 c)12 d)28

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  2. The tax levied by the central government for trading within state is……...

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  3. GST system was introduced in our country from…………..a)31st March 2017 b...

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  4. The rate of GST on stainless steel utensils is 18%, then the rate of S...

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  5. In the format of GSTIN there are ………….alpha-numerals. a)10 b)16 c)9 d)...

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  6. When a registered dealer sells goods to another registered dealer unde...

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  7. A dealer gives 10% discount on a show piece of ₹25,000. GST of 28% was...

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  8. A ready made garment shopkeeper gives 5% discount on the dress of ₹100...

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  9. A trader from Surat sold cotton clothes to a trader in Rajkot. The tax...

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  10. Smt. Malhotra purchased solar panels for the taxable value of ₹85,000....

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  11. A company provided Z-security services for the taxable value of ₹64,50...

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  12. A dealer supplies walky-Talky set of ₹84,000(with GST) to police cont...

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  13. A wholesaler purchased electric goods for the taxable amount of ₹1,50,...

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  14. Anna Patil (Thane, Maharashtra) supplied vacuum cleaner to a shopkeepe...

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  15. Anna Patil (Thane, Maharashtra) supplied vacuum cleaner to a shopkeepe...

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  16. Anna Patil (Thane, Maharashtra) supplied vacuum cleaner to a shopkeepe...

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