Question

1. A shopkeeper buys an article at a discount
of 20% on the marked price of 2000. The
shopkeeper offers a discount of 12% on the
MP to his customer. If GST charged is 5%, and
all sales are intra-state, find
(i) the GST collected from the shopkeeper
by the Government.
(ii) the amount paid by the customer for
the article.
(iii) the amount of tax received by the
Central Government.​

Answer 1

Answer:

20%

Step-by-step explanation:

Answer 2

Answer:

It is a case of intra-state transaction of goods and services

SGST=CGST=

2

1

GST

The amount of tax (under GST) paid by the shopkeeper to the State Government

CGST=SGST=6% of Rs.12000

=(6/100)×12000=Rs.720

GST paid by the consumer to the shopkeeper,

CGST=SGST=6% of Rs.12825

=(6/100)×12825=Rs.769.50

The amount of tax (under GST) paid by the shopkeeper to the State Government=Rs.769.50−Rs.720=Rs.49.50