12 9. A dealer buys an article at a discount of 30% from the wholesalet, the marked being 36000. The dealer sells it to a consumer at a discount of 10% on the marked If the sales are intra-state and the rate of GST is 5%, find: (1) the amount paid by the consumer for the article. (ii) the tax (under GST) paid by the dealer to the State Government. (iii) the amount of tax (under GST) received by the Central Government.
Answers
It is a case of intra-state transaction of goods and services
SGST=CGST=
2
1
GST
Given:
Marked price of an article =Rs.6000
Rate of GST=5%
Rate of discount given by the wholesaler =30%
CP of an article for dealer = Marked price - Discount
=Rs.6000−30% of Rs.6000
=Rs.6000−(30/100)×6000=Rs.6000−1800=Rs.4200
Amount of GST paid by dealer to wholesaler,
CGST=SGST=2.5% of Rs.4200
=(2.5/100)×4200=Rs.105
The amount paid by the consumer for the article
SP of an article for consumer = Marked price - Discount
=Rs.6000−10% of Rs.6000
=Rs.6000−(10/100)×6000=Rs.6000−600=Rs.5400
Amount of GST paid by consumer to dealer,
CGST=SGST=2.5% of Rs.5400
=(2.5/100)×5400=Rs.135
Amount paid by consumer for article = CP of article for consumer + CGST paid by consumer + SGST paid by consumer =Rs.5400+Rs.135+Rs.135=Rs.5670