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A trader has to pay 18% GST and on this tax trader has to pay as TCS of 0.75%. Thus,the net tax rate he has to pay?

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A trader has to pay 18% GST and on this tax trader has to pay as TCS of 0.75%. Thus,the net tax rate he has to pay?
1. 18.56%
2. 18.135%
3. 18.145%
4. 20.45%
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Correct Answer - Option 2 : 18.135%

Given

GST = 18%

TCS = 0.75%

Calculation

Net effect = 18 + 18 × 0.75%

⇒ 18 + 0.135

⇒ 18.135

∴ Net tax trader has to pay is 18.135%

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