Question

a furniture dealer in Delhi supplied good work 450000 dealer in Chennai sold goods were 6 lacs in retailer within Delhi the total value of its receive was 800000 if he purchased his entire stock from manufacturer in Delhi then find net I GST cgst and sgst paid by him the rate of GST 12percent

Answer 1

Answer:

Step-by-step explanation:

transaction from a dealer in chennai to the furniture dealer (interstate between chennai and delhi=12/100*450000=54000

transaction between furniture dealer and retalier (intrastate transaction within delhi)=CGST=6/100*600000=36000

SGST=6/100*600000=36000

HIS RECEIPT IS WORTH RS 800000

SO ITC=6/100*800000=48000

SO NET CGST =48000-36000=12000

NET SGST =48000-36000=12000

TOTAL=24000

TOTAL IGST =RS 54000

NET TAX PAYABLE =54000-24000=30000

HOPE THIS HELPS YOU!!