5. A dealer buys an article for 6000 from a wholesaler. The dealer sells the article to consumer at 15% profit. If the sales are intra-state and the rate of GST is 18%, find 0 input CGST and input GST paid by the dealer.
(i)input CGST and input SGST paid by dealer.
(ii) output CGST and output SGST collected by the dealer.
(iii) the net CGST and SGST paid by the dealer.
(iv) the total amount paid by the consumer.
Answers
Answer:
Step-by-step explanation:
i) cp=6000
sp=15%OF6000
900
6000+900=6900
SGST=9%
CGST=9%
9%OF6900=621
6900+SGST+CGST
6900+621+621=8142
Input CGST = 540, input SGST =540, output CGST = 621, output SGST = 621
Given:
A dealer buys an article for 6000 from a wholesaler.
The dealer sells the article to consumer at 15% profit.
The sales are intra-state and the rate of GST is 18%
To find:
(i) input CGST and input SGST paid by dealer.
(ii) output CGST and output SGST collected by the dealer.
(iii) the net CGST and SGST paid by the dealer.
(iv) the total amount paid by the consumer.
Explanation:
(i) input CGST and input SGST paid by dealer.
dealer buys an article for 6000 from a wholesaler.
CGST = 9% = 6,000×0.09 = 540
SGST = 9% = 6,000×0.09 = 540
(ii) output CGST and output SGST collected by the dealer.
The dealer sells the article to consumer at 15% profit.
So dealer selling pries = 6000×1.15 = 6900
CGST = 9% = 6,900×0.09 = 621
SGST = 9% = 6,900×0.09 = 621
(iii) the net CGST and SGST paid by the dealer.
input CGST + input SGST = 540+540=1080
iv) the total amount paid by the consumer.
output CGST + output SGST = 621+621= 1242
To learn more....
1)Janhavi traders purchased sugar bags and paid a GST of RS.47500.Vinay agencies purchased at the these bags and paid GST of RS.52000.After these vinay agencies sold this sugar to customers and collected GST of RS.75000.Calculate GST payable at each stage,CGST AND SGST).
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