Question

A is a dealer in Meerut (U.P.). He supplies goods/services, worth Rs. 15,000 to a dealer B
in Ratlam (M.P.). Dealer B, in turn, supplies the same goods/services to dealer C in Jabalpur
(M.P.) at a profit of Rs. 3000. If rate of tax (under GST system) is 18%, find
1. The cost of goods/services to the dealer C in Jabalpur.
ii. Net tax payable by dealer B.​

Answer 1

21240 Rs is The cost of goods/services to the dealer C in Jabalpur , Net tax payable by dealer B = Rs 540

Step-by-step explanation:

A is a dealer in Meerut (U.P.). He supplies goods/services, worth Rs. 15,000 to a dealer B in Ratlam (M.P.)

Selling price without GST  = 15000

18% IGST  = (18/100) 15000 = Rs 2700

Cost including GST = 15000 + 2700 = 17700

Dealer B,  Sales at a profit of Rs. 3000

Selling price without GST  = 15000 + 3000 = Rs 18000

CGST = SGST =   (9/100) * 18000 = 1620 Rs

Cost to Dealer = 18000 + 1620 + 1620

= 21240 Rs

Net tax payable by dealer B = 1620 + 1620 - 2700

= 540 Rs

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