Management Industrial Trainee Interview Questions and Answers

Yes, inventory cost includes GST.

• Inventory cost includes the cost of goods as well as any taxes paid on those goods.

• GST is a tax on goods and services, so it is included in the inventory cost.

• The amount of GST included in the inventory cost depends on the rate of GST applicable to the goods.

• For example, if the GST rate is 18%, and the cost of goods is Rs. 100, the inventory cost would be Rs. 118.