Question

5. A manufacturer sells a wet grinder to a
wholesaler for 2500. The wholesaler sells it
to a retailer at a profit of 500 and the retailer
sells it to a customer at a profit of 800 If the
GST charged is 12% find
(1) The amount of GST received by the
government on sale of this grinder.​

Answer 1

Step-by-step explanation:

Given A manufacturer sells a wet grinder to a wholesaler for 2500. The wholesaler sells it  to a retailer at a profit of 500 and the retailer  sells it to a customer at a profit of 800 If the  GST charged is 12% find

(1) The amount of GST received by the  government on sale of this grinder.

• A manufacturer sells a washing machine to wholesaler for Rs 2500
• So GST is 12%
• CGST = SGST = GST / 2  
•           = 12/2
•           = 6%
• So CGST = SGST = 6/100 x  2500
•                 = Rs 150
• Now the wholesaler sells at a profit of Rs 500
• So amount will be 2500 + 500 = Rs 3000
• So CGST= SGST = 6/100 x 3000
•                = Rs 180
• So The amount of GST received by the government on sale of this grinder = SGST received – Input tax credit
•              = 180 – 150
•               = Rs 30

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