10. For the given trading chain prepare the tax in
was charged for the article supplied.
prepare the tax invoice I, II, III. GST at the rate of 12%
Tax invoice I
Wholesaler
Tax invoice II
Tax invoice III
Distributor
Consumer
Retailer
taxable value
taxable value
5000
(taxable value
6000
*6500
(1) Prepare the statement of GST payable under each head by the wholesaler,
distributor and retailer at the time of filing the return to the government.
(2) At the end what amount is paid by the consumer ?
(3) Write which of the invoices issued are B2B and B2C ?
Answers
Amount paid by consumer = 6500 + 780 = 7280 Rs
Step-by-step explanation:
Whole seller to Distributor - Amount 5000
GST =12 % CGST = SGST = 6 %
CSGT = SGST (6/100) * 5000 = Rs 300
Taxable value = 300 + 300 = 600
Total Amount = 5000 + 600 = 5600 Rs
Taxes to be paid by Wholeseller to government= CSGT = SGST = Rs 300
Whole seller to Distributor - B2B
Distributor to Retailer - Amount 6000
GST =12 % CGST = SGST = 6 %
CSGT = SGST (6/100) * 6000 = Rs 360
Taxable value = 360 + 360 = 720
Total Amount = 6000 + 720 = 6720 Rs
Distributor to Retailer - B2B
Taxes to be paid by Distributor to government = CSGT = SGST = Rs 360 - 300 = Rs 60
Retailer to Consumer - Amount 6500
GST =12 % CGST = SGST = 6 %
CSGT = SGST (6/100) * 6500 = Rs 390
Taxable value = 390 + 390 = 780
Total Amount = 6500 + 780 =7280 Rs
Retailer to Consumer - B2C
Taxes to be paid by Retailer to government = CSGT = SGST = Rs 390 - 360 = Rs 30
Amount paid by consumer = 6500 + 780 = 7280 Rs
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Answer:
Step-by-step explanation:
Whole seller to Distributor - Amount 5000
GST =12 % CGST = SGST = 6 %
CSGT = SGST (6/100) * 5000 = Rs 300
Taxable value = 300 + 300 = 600
Total Amount = 5000 + 600 = 5600 Rs
Taxes to be paid by Wholeseller to government= CSGT = SGST = Rs 300
Whole seller to Distributor - B2B
Distributor to Retailer - Amount 6000
GST =12 % CGST = SGST = 6 %
CSGT = SGST (6/100) * 6000 = Rs 360
Taxable value = 360 + 360 = 720
Total Amount = 6000 + 720 = 6720 Rs
Distributor to Retailer - B2B
Taxes to be paid by Distributor to government = CSGT = SGST = Rs 360 - 300 = Rs 60
Retailer to Consumer - Amount 6500
GST =12 % CGST = SGST = 6 %
CSGT = SGST (6/100) * 6500 = Rs 390
Taxable value = 390 + 390 = 780
Total Amount = 6500 + 780 =7280 Rs
Retailer to Consumer - B2C
Taxes to be paid by Retailer to government = CSGT = SGST = Rs 390 - 360 = Rs 30
Amount paid by consumer = 6500 + 780 = 7280 Rs
Learn more:
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