Sure! Let's break down the problem step-by-step:
1. Identify the Initial Cost and Trade Discount:
- The cost of the goods is ₹90,000.
- There is a trade discount of 10%.
2. Calculate the Discounted Cost:
- The trade discount is:
[tex]\[
\text{Discount} = \text{Cost of Goods} \times \text{Trade Discount Rate} = 90,000 \times 0.10 = 9,000
\][/tex]
- The cost after applying the trade discount is:
[tex]\[
\text{Discounted Cost} = \text{Cost of Goods} - \text{Trade Discount} = 90,000 - 9,000 = 81,000
\][/tex]
3. List the GST Rates for Different Categories:
- Oncroods:
- CGST: 9%
- SGST: 9%
- IGST: 18%
- Onservice:
- CGST: 2.5%
- SGST: 2.5%
- IGST: 5%
4. Summary of Results:
- The discounted cost of the goods is ₹81,000.
- The GST rates for 'Oncroods' are:
- CGST: 9%
- SGST: 9%
- IGST: 18%
- The GST rates for 'Onservice' are:
- CGST: 2.5%
- SGST: 2.5%
- IGST: 5%
So, after applying the trade discount, the cost of the goods is ₹81,000. The GST rates differ for 'Oncroods' and 'Onservice', as listed in the results above.
