A dealer marks an article for rupees 12000. However he sells it at a discount of rupees 30% to a customer. Calculate the amount of CGST SGST and price paid by the customer
Answers
Step-by-step explanation:
It is a case of intra-state transaction of goods and services.
SGST = CGST = ½ GST
Given:
Marked price of an article = ₹6000
Rate of GST = 5%
Rate of discount given by the wholesaler = 30%
CP of an article for dealer = Marked price – Discount
= ₹6000 – 30% of ₹6000
= ₹6000 – (30/100) × 6000
= ₹6000 – 1800
= ₹4200
Amount of GST paid by dealer to wholesaler,
CGST = SGST = 2.5% of ₹4200
= (2.5/100) × 4200
= ₹105
(i) The amount paid by the consumer for the article.
SP of an article for consumer = Marked price – Discount
= ₹6000 – 10% of ₹6000
= ₹6000 – (10/100) × 6000
= ₹6000 – 600
= ₹5400
Amount of GST paid by consumer to dealer,
CGST = SGST = 2.5% of ₹5400
= (2.5/100) × 5400
= ₹135
Amount paid by consumer for article = CP of article for consumer + CGST paid by
consumer + SGST paid by consumer = ₹5400 + ₹135 + ₹135 = ₹5670
(ii) The tax (under GST) paid by the dealer to the State Government.
₹135 - ₹105 = ₹30
(iii) The amount of tax (under GST) received by the Central Government.
CGST paid by wholesaler + CGST by dealer = ₹105 + ₹30 = ₹135
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