A dealer buys goods and services worth * 900
from a market within the state and sells to the
neighbourhood market for 780. If the GST is
18%, then the GST paid by the dealer to Central
Government is:
27
(a) 9
(c) 15
(b) 10.80
(d) 21.60
Answers
Answer:
The answer is option (a) 9
Step-by-step explanation:
CGST and SGST are paid equally to central govt and state govt.So,if GST is 18%,then CGST is 18/2 = 9% and SGST is same as that of CGST, which is 9% (18/2)
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Given: Worth of the goods and services bought by the dealer = 900
Selling price of goods and services = 780
GST = 18%
To find: GST paid by the dealer to Central Government
Solution: According to the given question,
GST rate is 18% and sale is Intrastate (within the state)
When transaction occurs within the state, GST is categorized into two parts - CGST (Central Goods & Services Tax) and SCST (State Goods & Services Tax). CGST goes to the Central Government and SGST goes to State Government.
The given rate of GST i.e., 18% include 9% SGST rate and 9% CGST rate
Hence, the GST paid by the dealer to Central Government is 9%