a dealer in kanpur(u.p) supploes goods worth Rs 5000 to a dealer in meerut(u.p).the dealer in meerut supplies the same goods to a dealer in delhi at a profit of Rs 2000.find the cost of goods in delhi as per Gst system.the rate of gst is 18%
Answers
Answer:
Step-by-step explanation:
A dealer in Kanpur supplies goods worth Rs 5000 to a dealer in meerut then meerut dealer supplies to dealer of Delhi at a profit of 2000
So the cost of goods for Delhi dealer will be = 5000+2000
= 7000
Gst rate in Delhi = 18%
Gst cost on goods = 7000×18/100
= 7000×9/50
= 1260
Total cost of goods in Delhi after Gst = 7000 + 1260
= 8260
Given : A dealer in U.P. supplies goods worth Rs 5000 to a dealer in Meerut (U.P.). The dealer in Meerut suppliesthe same goods to a dealer in Delhi at a profit of Rs 2000
To Find : cost of goods in Delhi as per GST system
Solution:
Price = 5000
Merrut in UP Hence intra state transaction
SGST = CGST = GST/2 = 18/2 = 9 %
CGST = SGST = (9/100) * 5000 = Rs 450
Selling Price inclusive GST = 5000 + 450 + 450 = 5900 Rs
Sold at profit of Rs 2000
interstate transaction UP & Delhi
Price = 5000 + 2000 = Rs 7000
IGST = (18/100) * 7000 = Rs 1260
cost of goods in Delhi = 7000 + 1260 = Rs 8260
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