X of Jaipur, registered dealer, purchased goods from Y of Kota, unregistered dealer for ₹10,00,000. He sold the same goods to Z of Kota, registered dealer, at Profit margin of 20% on Purchase Cost. GST rate on such goods
CS Executive · Tax Laws · PYQS · December 2022
X of Jaipur, registered dealer, purchased goods from Y of Kota, unregistered dealer for ₹10,00,000. He sold the same goods to Z of Kota, registered dealer, at Profit margin of 20% on Purchase Cost. GST rate on such goods is 12%. Compute the GST payable by X.
Answer & Explanation:
Correct Answer: Option (A)
Official answer key: (A).
Topics: GST
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