Question

a manufacturer marks an article at ₹5000. He sells this article to a wholesaler at a discount of 25% on the marked price and the wholesaler sells it to a retailer at a discount of 15% on the marked price. If the retailer sells it to a consumer at the printed price and the sales are intra state, with the rate of GST 18%, Calculate:
(i) The total amount (inclusive of tax) paid by the consumer for the article.
(ii) The amount of tax (under GST) paid by the wholesaler to the state government.
(iii) The amount of tax (under GST) received by the Central Government from the retailer.

please help ASAP
and if u don't know don't answer i need correct answer please ​

Answer 1

i) $=Rs\ 5000$

ii) $SGST=Rs\ 450$

iii) $CGST=Rs\ 450$

Explanation:

Given:

Marked price of the item, $MRP=Rs\ 5000$

cost price of the article for the whole-seller, $CP_w=75\%\ of\ MRP=Rs\ 3750$

cost price of the article for the retailer, $CP_r=85\%\ of\ MRP=Rs\ 4250$

selling price of the article by the retailer, $SP_r=MRP=Rs\ 5000$

GST on the article, $GST=18\%$ (included in MRP)

i)

Since the MRP of any article is inclusive of all the taxes therefore the the maximum price that can be paid by a customer is MRP which is inclusive of all the taxes. $=Rs\ 5000$

ii)

Since the GST is intra-state therefore half of the GST is shared with the state govt. and the other half with the central govt.

$SGST=9\%$ included in MRP

$GST=18\% of\ 5000$

$GST=Rs\ 900$

So,

$SGST=Rs\ 450$

iii)

$CGST=9\%\ of\ MRP$

Since the GST is intra-state therefore half of the GST is shared with the state govt. and the other half with the central govt.

$CGST=Rs\ 450$

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Answer 2

Answer:

is a case of intra-state transaction of goods and services

SGST=CGST=

2

1

GST

The amount inclusive of tax (under GST) which the wholesaler pays for the article

It is given that, Marked price of an article by the manufacturer =Rs.5000

Discount given by manufacturer =25% of Rs.5000

=(25/100)×5000=Rs.1250

CP of article for wholesaler =Rs.5000−Rs.1250=Rs.3750

The amount of tax (under GST) which the wholesaler pays to the Central Government

Amount of GST paid by wholesaler to manufacturer

CGST=SGST=6% of Rs. 3750

=(6/100)×3750=Rs. 225

Amount of GST paid by retailer to wholesaler

CGST=SGST=6% of Rs. 4250

=(6/100)×4250=Rs. 255

The amount of tax (under GST) which the wholesaler pays to the Cental Government =Rs. 255−Rs. 225=Rs. 30