Question

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%

Answer 1

Answer:

Net CGST = Rs 18000

Net SGST = Rs 18000

Net IGST = Rs  54000

Step-by-step explanation:

The total value of his receipts was rs.300000 with in same state

Rate of GST = 12 %

CGST = SGST = 6 %  = (6/100) * 300000 = Rs 18000

sold goods worth rs.600000 in retail within delhi. (same state)

CGST = SGST = 6 %   = (6/100) * 600000 = Rs 36000

Net CGST to be paid = 36000 - 18000 = 18000 Rs

Net SGST to be paid = 36000 - 18000 = 18000 Rs

Sold goods worth rs.450000 to a dealer in Chennai (inter state)

IGST = 12 % = (12/100) * 450000 = Rs 54000

Net CGST = Rs 18000

Net SGST = Rs 18000

Net IGST = Rs  54000