Question

5. a dealer buys an article for consumer at 15% profit. if the sales are intra-state and the rate of gst is 18%, find () input cgst and input gst paid by the dealer. 6000 from a wholesaler. the dealer sells the article to

Answer 1

Answer:

Given  A dealer buys an article at a discount of 30% from the wholesaler the marked price being ₹6000. The dealer sells it to a consumer at a discount of 10% on the marked price. If the sales are intra state and the rate of GST is 5%,find

1. The amount paid by the consumer for the article

2. The tax paid by the dealer by the central government

3. The amount of tax received by the central government

Given marked price of the article is Rs 6,000

So discount is 30%  

Now price of article that dealer paid to wholesaler will be  

= 6000 – 30 % of 6000

= 6000 – 30/100 x 6000

= Rs 4200

Sales tax paid by dealer = 5% of 4200  

                                         = 5/100 x 4200

                                         = Rs 210

Amount of article including sales tax that dealer bought will be

Rs 4200 + 210 = Rs 4,410

Dealer sells the article at 10% discount to shopkeeper.

So price of the article which shopkeeper paid to the dealer

= 6000 – 10% of 6000

= Rs 5400

Sales tax paid by shopkeeper = 5% of 5400

                                                  = 5/100 x 5400

                                                   = Rs 270

So amount of the article including sales tax will be

                       Rs 5400 + 270 = Rs 5,670

GST is 2.5% = 2.5 / 100 x 5400 = Rs 135

So Rebate will be Rs 105 paid by wholesaler to central Government.

So tax paid by dealer will be 135 - 105 = Rs

Now amount received by Government will be tax paid by wholesaler + dealer = 105 + 30 = Rs 135

So tax received by the central Government will be Rs 135

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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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