A manufacturer of tv sets in Delhi. he manufactures a particular brand of TV set and marks it at 75000/-. He then sells this Tv set to a whole saler B in Punjab at a discount of 30%. The whole saler B raises the marked price of the TV set bought by30%and then sells it to the dealer C in Delhi. if the rate of GST =5%.find the tax under GST paid by the wholesaler B to the government
Answers
Answer:
GST paid by wholeseller B to the Government = Rs. 2250
Step-by-step explanation:
Initial marked price by Manufacturer A = Rs. 75000
Wholeseller B bought the TV at a discount 30%
∴ Purchase price of B = 75000 - 30% of 75000
∴ Purchase price of B = Rs. 52500 .... (1)
GST paid by the B for purchase = 5% of the purcahse price
GST paid by B on purcahse = 52500 × 5 ÷100
∴GST paid by B on purchase = Rs. 2625 ...(2)
Seller B sells TV by changin marked price to 30% more than previous.
∴ Selling price of B = 75000 + 30% of 75000
∴ Selling price of B = Rs. 97500 .... (3)
GST charged by B on selling of TV = 5% of selling price
∴ GST charged by B on selling of TV = 97500 ×5 ÷ 100 ..... (4)
∴ GST charged by B on selling of TV = Rs. 4875 ..... (4)
GST paid by B to the Government = GST charged on selling price - GST paid against purchase.
From eqn (2) & (3)
∴ GST paid by B to the Government = 4875 - 2625
∴ GST paid by B to the Government = Rs. 2250
Answer:
Rs 787.5
Step-by-step explanation:
Marked Price = rs 75000
30 % Discount = (30/100) * 75000 = 22500 Rs
Price after Discount = 52500 Rs
5% IGST= (5/100 ) * 52500 = Rs 2625
Price hiked by 30 % = (30/100) *52500 = Rs 15750
Selling Price = 52500 + 15750 = Rs 68250
IGST = (5/100) * 68250 = Rs 3412.5
B need to pay = 3412.5 - 2625 = Rs 787.5