1.A dealer in Mumbai supplies goods worth
Rs 8000 to a customer in Pune. The rate of
GST is 28%.
i) CGST paid by the customer is
a)1000. b)1120. c)0. d)2000
ii) SGST paid by the customer is
a)0. b)1220. c)2240. d)1120
iii) IGST paid by the customer is
a)500. b)250. c)0. d)1800
Answers
Step-by-step explanation:
From the question,
For the dealer A (intra-state transaction)
SP = Rs. 8,000
For the dealer B (intra-state transaction)
CP = Rs. 8,000
CGST = 9% of 8,000 = Rs. 720
SGST = 9% of 8,000 = Rs. 720
Given profit = Rs. 1,200
SP = Rs. 9,200
For the dealer C (inter-state transaction)
CP = Rs. 9,200
IGST = 18 % of Rs. 9,200 = 18/100 x 9200 = Rs 1656
Input Tax = Rs. 1,656
As the dealer in Patna does not sell the product.
Thus, the output GST (tax on sale) = Rs. 0
PLS mark me as brainlist hope its correct to e
Answer:
From the question,
For the dealer A (intra-state transaction)
SP = Rs. 8,000
For the dealer B (intra-state transaction)
CP = Rs. 8,000
CGST = 9% of 8,000 = Rs. 720
SGST = 9% of 8,000 = Rs. 720
Given profit = Rs. 1,200
SP = Rs. 9,200
For the dealer C (inter-state transaction)
CP = Rs. 9,200
IGST = 18 % of Rs. 9,200 = 18/100 x 9200 = Rs 1656
Input Tax = Rs. 1,656
As the dealer in Patna does not sell the product.
Thus, the output GST (tax on sale) = Rs. 0
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