Question

A jewellery manufacturer in Kharagpur (West Bengal) sold a bracelet to a dealer in Kolkata (West
Bengal) for 80000. This bracelet was then sold to a dealer in Mumbai (Maharashtra) for 95000. If
the GST rate for jewellery is 3%, calculate
(i) the net GST payable at Kolkata (ii) Input tax credit for the dealer in Mumbai
Please give full step by step explanation​

Answer 1

Answer:

net gst payable at Kolkata = 4800

input tax credit in Mumbai = 2850

Step-by-step explanation:

sales = 80000

cgst = 2400

sgst = 2400

Total gst payable at Kolkata = 4800

sales = 95000

Igst (since it is intra state transaction) = 2850.