A furniture dealer in Delhi supplied goods worth rs.450000 to a dealer in Chennai and sold goods worth rs.600000 in retail within delhi. The total value of his receipts was rs.300000. if he purchases his entire stock from manufacturer in delhi, then find the net igst ,cgst and sgst payable by him. The rate of gst is 12%
Answers
Net igst ,cgst and sgst payable by him = Rs 36000 , 36000 & 54000
Step-by-step explanation:
The total value of his receipts was rs.300000
he purchases his entire stock from manufacturer in delhi,
GST = 12 %
CGST = SGST = 12/2 = 6 %
CGST = SGST Paid = (6/100) * 300000 = Rs 18000 each
sold goods worth rs.600000 in retail within delhi
CGST = SGST received = (6/100)* 600000 = Rs 36000 Each
Net CGST & SGST to be paid = Rs 36000 each
supplied goods worth rs.450000 to a dealer in Chennai
IGST = (12/100) * 450000 = Rs 54000
Net igst ,cgst and sgst payable by him = 36000 , 36000 & 54000
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