Question

50 points
(2) There are three dealers A, B and C in Maharashtra. Suppose, the trade

of each of them in september 2018 was as shown in the following table.

The rate of GST on each transaction was 5%.

Read the table and answer the questions below it.

Dealer

GST

collected

on the sale

GST paid at

the time of

purchase

ITC

Tax paid

to the

Govt.

Tax-

balance

with the

Govt.

A Rs. 5000 Rs. 6000 Rs. 5000 Rs. 0 Rs. 1000

B Rs. 5000 Rs. 4000 Rs. 4000 Rs. 1000 Rs. 0

C Rs. 5000 Rs. 5000 Rs. 5000 Rs. 0 Rs. 0

(i) How much amount did the dealer A get by sale ?

(ii) For how much amount did the dealer B buy the articles ?

(iii) How much is the balance of CGST and SGST left with the government

that was paid by A ?​

Answer 1

1) dealer A get 1000 rs

2)dealer B bought articles for 5000rs

3)balance of CGST and SGST left with government is 250 rs