Скачать или смотреть 10th Maths | Financial planning | practice set 4.2 |Malik Gas Agency purchased some gas cylinders.

Malik Gas Agency (Chandigarh Union Territory) purchased some gas cylinders for industrial use for ₹24,500 and sold them to the local customers for ₹26,500. Find the GST to be paid at the rate of 5% and hence the CGST and UTGST to be paid for this transaction. (for Union Territories there is UTGST instead of SGST).

📌 *GST on Gas Cylinders | Malik Gas Agency (Chandigarh UT) | CGST + UTGST Explained*

Malik Gas Agency purchased industrial gas cylinders for ₹24,500 and sold them locally for ₹26,500.
GST rate = 5% (intra-UT supply in Chandigarh)

✅ *Step-by-Step Calculation:*
Purchase Price: ₹24,500
Selling Price: ₹26,500
*Taxable Value (Profit):* ₹26,500 − ₹24,500 = *₹2,000*
*Total GST @ 5%:* ₹2,000 × 5% = *₹100*
*CGST @ 2.5%:* ₹50
*UTGST @ 2.5%:* ₹50

👉 *Key Rule:* In Union Territories → *CGST + UTGST* (No SGST)



💡 *Subscribe* for weekly GST shortcuts!
🔔 *Turn on notifications*
💬 *Comment* your GST doubt – I reply to all!

---

#GST #CGST #UTGST #10th maths #financial planning #Commerce