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State how the GST rates will be applicable if CGST is 9% sgst is 9% and igst 18% in each of the following situations
1. Goods worth rupees 10,000 is sold by a Manufacturer 1 in Maharashtra to a Dealer A in Maharashtra.?
1. Goods worth rupees 10,000 is sold by a Manufacturer 1 in Maharashtra to a Dealer A in Maharashtra.?
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State how the GST rates will be applicable if CGST is 9% sgst is 9% an...
Calculation of GST rates applicable in Maharashtra
In Maharashtra, the GST rates applicable are CGST at 9% and SGST at 9%.
Situation 1:
Goods worth rupees 10,000 is sold by a Manufacturer 1 in Maharashtra to a Dealer A in Maharashtra
- CGST: 9% of Rs. 10,000 = Rs. 900
- SGST: 9% of Rs. 10,000 = Rs. 900
- Total GST = CGST + SGST = Rs. 900 + Rs. 900 = Rs. 1800
Therefore, the Manufacturer 1 in Maharashtra selling goods worth Rs. 10,000 to Dealer A in Maharashtra will have to charge a total of Rs. 1800 as GST, which will be divided equally between CGST and SGST at 9% each.
This amount will be collected by the Manufacturer 1 and deposited with the government. Dealer A can claim input tax credit on this GST paid while making further sales to end consumers.
In Maharashtra, the GST rates applicable are CGST at 9% and SGST at 9%.
Situation 1:
Goods worth rupees 10,000 is sold by a Manufacturer 1 in Maharashtra to a Dealer A in Maharashtra
- CGST: 9% of Rs. 10,000 = Rs. 900
- SGST: 9% of Rs. 10,000 = Rs. 900
- Total GST = CGST + SGST = Rs. 900 + Rs. 900 = Rs. 1800
Therefore, the Manufacturer 1 in Maharashtra selling goods worth Rs. 10,000 to Dealer A in Maharashtra will have to charge a total of Rs. 1800 as GST, which will be divided equally between CGST and SGST at 9% each.
This amount will be collected by the Manufacturer 1 and deposited with the government. Dealer A can claim input tax credit on this GST paid while making further sales to end consumers.
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State how the GST rates will be applicable if CGST is 9% sgst is 9% and igst 18% in each of the following situations 1. Goods worth rupees 10,000 is sold by a Manufacturer 1 in Maharashtra to a Dealer A in Maharashtra.?
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State how the GST rates will be applicable if CGST is 9% sgst is 9% and igst 18% in each of the following situations 1. Goods worth rupees 10,000 is sold by a Manufacturer 1 in Maharashtra to a Dealer A in Maharashtra.? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about State how the GST rates will be applicable if CGST is 9% sgst is 9% and igst 18% in each of the following situations 1. Goods worth rupees 10,000 is sold by a Manufacturer 1 in Maharashtra to a Dealer A in Maharashtra.? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for State how the GST rates will be applicable if CGST is 9% sgst is 9% and igst 18% in each of the following situations 1. Goods worth rupees 10,000 is sold by a Manufacturer 1 in Maharashtra to a Dealer A in Maharashtra.?.
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