Question

9. A dealer buys an article at a discount of 30% from the wholesalec 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:
(b) the amount paid by the consumer for the article
(ii) the tax (under CST) paid by the dealer to the State Government
(ii) the amount of tax (under GST) received by the Central Government​

Answer 1

Step-by-step explanation:

is a case of intra-state transaction of goods and services

SGST=CGST=

2

1

GST

Given:

Marked price of an article =Rs.6000

Rate of GST=5%

Rate of discount given by the wholesaler =30%

CP of an article for dealer = Marked price - Discount

=Rs.6000−30% of Rs.6000

=Rs.6000−(30/100)×6000=Rs.6000−1800=Rs.4200

Amount of GST paid by dealer to wholesaler,

CGST=SGST=2.5% of Rs.4200

=(2.5/100)×4200=Rs.105

The amount paid by the consumer for the article

SP of an article for consumer = Marked price - Discount

=Rs.6000−10% of Rs.6000

=Rs.6000−(10/100)×6000=Rs.6000−600=Rs.5400

Amount of GST paid by consumer to dealer,

CGST=SGST=2.5% of Rs.5400

=(2.5/100)×5400=Rs.135

Amount paid by consumer for article = CP of article for consumer + CGST paid by consumer + SGST paid by consumer =Rs.5400+Rs.135+Rs.135=Rs.5670

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