18. A wholesaler of clocks in Jaipur (Rajasthan) purchased a vintage clock for 2000 and supplied
it to a dealer in Ratlam (MP) for 2400. This clock was sold by the Ratlam dealer to an end-
user in Delhi for 3000. If the rate of GST is 18%, calculate :
(i) the net IGST, CGST and SGST payable by Ratlam dealer
(ii) the total cost of the clock for the end-user in Delhi
Answers
IGST to be paid by Ratlam Dealer = Rs 108 , ) the total cost of the clock for the end-user in Delhi = Rs 3540
Step-by-step explanation:
A wholesaler of clocks in Jaipur (Rajasthan) purchased a vintage clock for 2000 supplied it to a dealer in Ratlam (MP) for 2400
Interstate transaction
IGST = 18%
IGST = (18/100) 2400
= 432 Rs
This clock was sold by the Ratlam dealer to an end-user in Delhi for 3000.
again Interstate transaction
=> IGST = (18/100)3000
= Rs 540
Amount Paid by End user = 3000 + 540 = Rs 3540
Net IGST to be paid by Ratlam Dealer = 540 - 432
= Rs 108
CGST & SGST not applicable
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