A dealer in Agra (U.P.) supplies goods/services (worth 1,000) to a dealer in
Jhansi (U.P.). The dealer in Jhansi supplies the same goods/services to a
dealer in Mumbai at a profit of 600. Assuming that the dealer in Mumbai is
the end-user of the product and the rate of GST is 12%, find :
(i) Input-tax for the dealer in Jhansi.
(ii) Output tax for the dealer in Jhansi.
(iii) Net GST payable by the dealer in Jhansi.
(iv) Total C.P. for the dealer in Mumbai.
Answers
Given :- A dealer in Agra (U.P.) supplies goods/services (worth 1,000) to a dealer in Jhansi (U.P.). The dealer in Jhansi supplies the same goods/services to a dealer in Mumbai at a profit of 600. Assuming that the dealer in Mumbai is the end-user of the product and the rate of GST is 12%, find :
(i) Input-tax for the dealer in Jhansi.
(ii) Output tax for the dealer in Jhansi.
(iii) Net GST payable by the dealer in Jhansi.
(iv) Total C.P. for the dealer in Mumbai.
Solution :-
given that,
→ from Agra to Jhansi (intra state transaction) CP = Rs.1000
→ GST = 12% .
So,
→ CGST = 6% of 1000 = (6 * 1000)/100 = Rs.60
Similarly,
→ SGST= 6% of 1000 = (6 * 1000)/100 = Rs.60
Now,
From Jhansi to Mumbai (inter state Transaction) SP = CP + Profit = 1000 + 600 = Rs.1600
So,
→ IGST = 12% of 1600 = (12 * 1600) / 100 = Rs.192
Therefore,
(i) Input tax for dealer in Jhansi = 60 + 60 = Rs.120
(ii) Output tax for dealer in Jhansi = Rs.192
(iii) Net GST Payable by dealer in Jhansi = 192 - 120 = Rs. 72
(iv) CP for dealer in Mumbai = 1600 + 192= Rs.1792 .
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