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Malik Gas Agency (Chandigarh Union Terri...

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

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The correct Answer is:
Payable GST Rs 100 so CGST Rs 50 and UTGST Rs 50. 5. CGST = SGST = Rs 900
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