Question

40. A shopkeeper purchased a fan for 1500 from a dealer and sold it to a customer at 10% profit,
If the sales are intrastate and the rate of GST is 12%, then
(i) the tax (under GST) paid by the shopkeeper to the state government is how much?
(ii) the tax (under GST) received by the central government is how much?

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Answer 1

Answer:

(i) SGST = 99

(ii) CGST = 99

Step-by-step explanation:

C.P. = 1500.

S.P. = 1500 + 10% = 1650.

If GST = 12% then,

SGST = 6% and CGST = 6%

(i) State Goods and Service Tax (SGST) = 6% of the S.P.

SGST = 6/100 of 1650 = 99

(ii) Central Goods and Service Tax(CGST) = 6% of the S.P.

CGST = 6/100 of 1650 = 99

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Answer 2

Step-by-step explanation:

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