Question

1. A shopkeeper buys a machine at a discount of 20% from the wholesaler. The printed price of the machine is rs.16000 and the rate of GST is 8% .The shopkeeper sells it to the consumer at the pri ted price . Calculate
i) the price at qhich the machine is bought by the consumer
ii) the CGST and the SGST payable by the shopkeeper to the Government assuming that all the transactions were intrastate.
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thank u .......and plzzz tell me answer too..
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Answer 1

Answer:

a) RS.13824

b)Rs.  512

Step-by-step explanation:

The price at which the shopkeeper got the machine = 16000-20% of 16000

= 16000-3200= Rs. 12800

now the taxable price is Rs 12800

on which 8% incentive will be applied

i)therefore  price at which the machine is bought by the consumer=

12800+8% of 12800= 12800+1024= RS.13824

ii) since the GST is equally divided into state and center therefore, the CGST and the SGST payable by the shopkeeper to the Government assuming that all the transactions were intrastate.

SGST=CGST = 1024/2 =Rs.  512

Answer 2

Answer:

this is the answer pls mark me brainleast