Accounting · Taxation
A manufacturer sells goods within the same state valued at ₹50,000. The applicable GST rate is 12%. What will be the amount of CGST and SGST payable respectively?
- 1CGST ₹3,000 and SGST ₹3,000✓
- 2CGST ₹2,500 and SGST ₹2,500
- 3CGST ₹4,000 and SGST ₹4,000
- 4CGST ₹6,000 and SGST ₹6,000
Correct answer
CGST ₹3,000 and SGST ₹3,000
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