A cycle manufacturer in Ghaziabad (UP) sold a cycle to a dealer in Agra (UP) for 16000
This cycle was then sold to a dealer in Ujjain (M.P) for 17500. If the GST rate for cycle is
12%, calculate
(i) the net GST payable at Agra
(ii) input Tax Credit for the dealer in Ujjain.
Answers
Given : A cycle manufacturer in Ghaziabad (UP) sold a cycle to a dealer in Agra (UP) for 16000
cycle was then sold to a dealer in Ujjain (M.P) for 17500
GST rate for cycle is 12%
To Find : the net GST payable at Agra
input Tax Credit for the dealer in Ujjain.
Solution:
Ghaziabad (UP) to Agra (UP) with in same sate
GST = CGST + SGST
CGST = SGST = GST/2 = 12/2 = 6 %
Price = 16000
CGST = SGST = (6/100)16000 960 Rs
GST = 960 +960 = 1920 Rs
net GST payable at Agra = 1920 Rs
sold to a dealer in Ujjain (M.P) for 17500.
IGST as different state
IGST = GST = 12 %
IGST = (12/100) 17500 = Rs 2100
Input Tax Credit for the dealer in Ujjain. = Rs 1920
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