Question

12. A shopkeeper buys an article from a manufacturer for 12000 and marks up it price by
25%. The shopkeeper gives a discount of 10% on the marked up price and he gives a
further off-season discount of 5% on the balance to a customer of T.V. If the sales are
intra-state and the rate of GST is 12%, find:
(i) the price inclusive of tax (under GST) which the consumer pays for the T.V.
(ii) the amount of tax (under GST) paid by the shopkeeper to the State Government.
(iii) the amount of tax (under GST) received by the Central Government.
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Answer 1

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