FREE Trial

A registered dealer, based in Chandigarh, makes a supply to another registered dealer located in Chandigarh, valuing rupees 1,20,000. The

This problem has been solved!
Do you need an answer to a question different from the above? Ask your question!

Question:

A registered dealer, based in Chandigarh, makes a supply to another registered dealer located in Chandigarh, valuing rupees 1,20,000. The applicable rate of GST is 12%. Calculate the amount of tax payable under GST.

Expert Answer:

Answer rating: 100% (QA)

The detailed answer for the above question is provided below As the loc View the full answer


answer-question
Related Book For  answer-question
Income Tax Fundamentals 2013

Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

See More Books
View Solution
Create a free account to access the answer
Cannot find your solution?
Post a FREE question now and get an answer within minutes. * Average response time.
Posted Date: January 30, 2023 03:25:16
See More Questions

Students also viewed these accounting questions

Q:
Amount in Dollars Amount in Dollars Sales 1 00 000 79 900 Cost of goods sold 47 500 39 950 Operating expenses 750 500 Selling expenses 9 500 9 000 Administrative expenses 12 000 12 000 Net income 30...
A:
Amount in dollars sale 134931083 15......
Q:
A car dealer sells 150 000 in cars over a three month period and 275 000 over a five month period Find the linear equation in slope intercept form that models this data Then use the equation to...
A:
Griven 2 Y 3 150 000 f 5 275 000 Now using slope inter......
Q:
The Hansel Corporation, located in Bangalore, India, makes plastics materials that are mixed with various additives and reinforcing materials before being melted, extruded, and cut into small pellets...
A:
Mathematical Model Max 2G1 1 7G2 1 5G3 2 8G4 Constraints 0 40G1 0 37G2 0 34G3 0 90G4 100 000 0 30G1......
Q:
Enviro-Tech has only two retail and two wholesale customers. Information relating to each customer for 2012 follows (in thousands): Enviro-Tech's annual distribution-channel costs are $33 million for...
A:
1 All amounts in thousands of U S dollars Wholesale Retail North America South America Green Global Wholesaler Wholesaler Energy Power Revenues at lis......
Q:
Take your medicine: Medication used to treat a certain condition is administered by syringe. The target dose in a particular application is 10 milligrams. Because of the variations in the syringe, in...
A:
A 5598 B 13 2......
Q:
Quick Stop Pharmacy is a small family-owned drug compounding business in Portland Oregon that is trying to perfect its customer service operations. John Suleiman, the owner wants to maximize the...
A:
Quick Stop Pharmacy a b c Work Element Cumulative Idle Time S......
Q:
In each of the following cases ascertain the amount to be charged as expenses in the statement of profit and loss for the year 201617: 1. Premises taken on rent on 1st August 2016 by paying a deposit...
A:
1 The deposit of 10 million is not an expense and hence will not appear in the profit a......
Q:
The data set agsrs.dat also contains information on the number of farms in 1987 for the SRS of n = 300 counties from the population of the N = 3078 counties in the United States (see Example 2.5). In...
A:
a b y x 297897 647 7467 459 8975 Thus yr t x 2087759 459 8975 960 155 061 The estimated variance of......
Q:
Which notable researcher studied memory capacity by briefly presenting an array of 12 letters and asking participants to recall the top, middle, or bottom rows of letters as presented? Explain
A:
The notable researcher is George A Miller In his groundbreaking study in 1956 Miller expl......
Q:
Complete Form 941 for the 4th quarter for TCLH Industries (which is located at 202 Whitmore Avenue, Durham, NC 27701; Employer Identification #44-4444444). Assume that all necessary deposits were...
A:
I can help you complete Form 941 for the 4th quarter for TCLH Industries Please note that this form is typically filled out using electronic filing methods You can use the information provided to comp......
Q:
Barney Plc has issued share capital of 150,000 ordinary shares. These shares were valued at 40 each on 1st February this year, reflecting Barney Plc's value as a stand-alone business. On 10th...
A:
To determine how the benefits of the acquisition are allocated between Amazon Plc shareholders and B......
Q:
Evaluate E (x 3 + xy 2 ) dV, where E is the solid in the first octant that lies beneath the paraboloid z = 1 x 2 y 2 .
A:
Bounds of integration The solid E is bounded by the planes x 0 y 0 z 0 and z 1 x2 y2 In cylindrical......
Q:
Find the mass and center of mass of the lamina that occupies the region D and has the given density function . D is bounded by the parabolas y = x 2 and x = y 2 ; (x, y) = x
A:
To find the mass and center of mass of the lamina with the given density function x y x and bounded......
Q:
The specific heat capacity of silver is 0.235 J/g K. Its melting point is 962C, and its enthalpy of fusion is 11.3 kJ/mol. What quantity of energy, in joules, is required to change 5.00 g of silver...
A:
To calculate the quantity of energy required to change 5 00 grams of silver from a solid at 25C to a liquid at 962C you need to consider two steps Fir......
Q:
(a) Estimate the volume of the solid that lies below the surface z = x + 2y2 and above the rectangle R = [0, 2] [0, 4]. Use a Riemann sum with m = n = 2 and choose the sample points to be lower...
A:
a we can break down the rectangle into smaller rectangles and calculate the volume of each Then sum up these volumes to get the total estimated volume......
Q:
An aqueous solution contains 3.00% phenylalanine (C 9 H 11 NO 2 ) by mass. (Phenylalanine is nonionic and nonvolatile.) Find the following: (a) the freezing point of the solution (b) the boiling...
A:
To find the freezing point boiling point and osmotic pressure of the solution we can use various colligative properties equations a The freezing point depression Tf can be calculated using the formula......
Q:
(a) A race car moves such that its position fits the relationship x = (5.5 m/s)t + (0.65 m/s 3 )t 3 where x is measured in meters and t in seconds. (b) Determine the instantaneous velocity of the car...
A:
Answer Given The instantaneous velocity of the ca......
Q:
When you weigh yourself on good old terra firma (solid ground), your weight is 142 lb. In an elevator your apparent weight is 121 lb. What are the direction and magnitude of the elevator's...
A:
There are two forces acting on you the applied force of t......
Q:
Larry Gaines, age 42, sells his personal residence on November 12, 2012, for $144,000. He lived in the house for 7 years. The expenses of the sale are $10,500, and he has made capital improvements of...
A:
a 44 000 realized gain 144 000 10 500......
Q:
Matthew borrows $250,000 to invest in bonds. During 2012, his interest on the loan is $30,000. Matthew's interest income from the bonds is $10,000. This is Matthew's only investment income. a....
A:
a 10 000 limited to Matthews net investment in......
Q:
Please answer the following questions regarding the taxability of Social Security: a. A 68-year-old taxpayer has $20,000 in Social Security income and $100,000 in tax-free municipal bond income. Does...
A:
a Yes Tax free municipal bond income is added to AGI in the formul......
Basic Business Statistics Concepts And Applications 14th Edition - ISBN: 134684842 - Free Book