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| 1. |
The total value (with G.S.T.) for a L.P.G. gas cylinder is 630. Rate of G.S.T. is 5%. Calculate the taxable value. |
| Answer» LET the SELLING PRICE be x.GST = 5 % = 5/100 of x = x/20According to statement x + x/20 = 63021x/20 = 630x = 600.So TAXABLE value = ₹600 and GST = ₹30 | |