Question

7. A manufacturer sells a T.V. to a dealer for 18000 and the dealer sells it to a consumer
at a profit of 1500. If the sales are intra-state and the rate of GST is 12%, find:
(i) the amount of GST paid by the dealer to the State Government.
(ii) the amount of GST received by the Central Government.
(iii) the amount of GST received by the State Government.
(ivii) the amount that the consumer pays for the T.V.
the printed price​

Answer 1

Step-by-step explanation:

DEALER SELL WITH 12% GST=18000+1500=19500

19500 WITH 12% GST=FINAL PRIZE= 21,840

I) 1170 amount of GST paid by dealer to the state gov.

IVII)21,840 PAYS FOR THE T.V