Question 16.
M/s. Auto Aid, Delhi purchased 500 pieces of car horns @ ₹ 200 each less 10% Trade Discount plus IGST @ 12% from M/s Auto Horns, Chandigarh. What is the invoice value?
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Question 16.
M/s. Auto Aid, Delhi purchased 500 pieces of car horns @ ₹ 200 each less 10% Trade Discount plus IGST @ 12% from M/s Auto Horns, Chandigarh. What is the invoice value?
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Verified answer
Invoice value= ₹1,00,800
Explanation:
List value =₹ (500×200) =₹100,000
less 10% trade = =₹10,000
_______
₹90,000
IGST @ 12%= =₹10,800
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invoice value ₹1,00,800