Question

For the following transactions from Jaipur to Delhi, fill in the blanks to find the amount of Bill : MRP ₹ 1,00,000, Discount 20%, GST = 28% Discount _____________
Selling price (discounted value) _____________
CGST _____________
SGST _____________
IGST _____________
Amount of Bill

Hint:

Jaipur to Delhi is an inter-state sale, so only IGST applies. GST is charged on the price after discount.

Answer 1

Step 1: Understanding the question:
The goods move from Jaipur (Rajasthan) to Delhi. These are two different states or Union Territories, so it is an inter-state supply.
On an inter-state supply only IGST is charged. CGST and SGST are nil.

Step 2: Discount and selling price:
Discount = 20% of ₹1,00,000 = ₹20,000.
Selling price (discounted value) = ₹1,00,000 - ₹20,000 = ₹80,000.

Step 3: GST on the discounted value:
GST is charged on the price after discount, not on the MRP.
IGST = 28% of ₹80,000 = ₹22,400.
CGST = nil and SGST = nil.

Step 4: Amount of bill:
Amount of bill = ₹80,000 + ₹22,400 = ₹1,02,400.

Final Answer:
Discount ₹20,000; selling price ₹80,000; CGST nil; SGST nil; IGST ₹22,400; amount of bill ₹1,02,400.