Question

2
Example 5: A shopkeeper buys certain quantity of cashew nuts for 7200 and sells it to a consumer
at a profit of 25%. If the rate of GST is 5º, find the GST paid by the shopkeeper to the Central and
State Governments.​

Answer 1

Answer:

720

Step-by-step explanation:

CGST + SGST = 5 PERCENT + 5 PERCENT = 10% OF 7200 = 720

Answer 2

Answer:

SGST=CGST=₹45.

Step-by-step explanation:

S.P.=C.P.+Profit=₹(7200+25x7200÷100)=₹9000,

Output CGST=Selling,Input GST=Buying,

Output CGST=2.5% of S.P.=2.5x₹9000÷100=₹225;

Output SGST=2.5% of ₹9000=2.5x₹9000÷100=₹225,

Input CGST=2.5% of C.P.=2.5x₹7200÷100=₹180;

Input SGST=2.5% of ₹7200=2.5x₹7200÷100=₹180,

CGST deposited by the shopkeeper=₹(225-180)=₹45,

SGST deposited by the shopkeeper=₹(225-180)=₹45.

I hope it helps you.

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