Question

5. A dealer buys an article for 6000 from a wholesaler. The dealer sells the article to a
consumer at 15% profit. If the sales are intra-state and the rate of GST is 18%, find
() input CGST and input SGST paid by the 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.
​

Answer 1

Answer:

Step-by-step 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

Answer 2

Selling price of the wholesaler = ₹6000

Cost price of the dealer = ₹6000

When sold at a profit of 15% to the consumer

Profit = (15/100) x ₹6000 = ₹900

So, the selling price of the dealer = Cost price + profit

= ₹6000 + ₹900

= ₹6900

Rate of GST = 18%

(i) Input CGST paid by the dealer = 9% of selling price of wholesaler

= (9/100) x ₹6000

= ₹540

And, input SGST paid by the dealer = 9% of selling price of wholesaler

= (9/100) x ₹6000

= ₹540

(ii) Output CGST collected by the dealer = 9% of selling price of the dealer

= (9/100) x ₹6900

= ₹621

And, output SGST collected by the dealer = 9% of selling price of the dealer

= (9/100) x ₹6900

= ₹621

(iii) Net CGST paid by the dealer = (Output CGST – Input CGST) paid by the dealer

= ₹621 – ₹540

= ₹81

And, Net SGST paid by the dealer = (Output SGST – Input SGST) paid by the dealer

= ₹621 – ₹540

= ₹81

(iv) The total amount paid by the consumer = Selling price of the dealer + CGST + SGST

= ₹6900 + ₹621 + ₹621

= ₹8142

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