a manufacturer produces an item for ₹2500 and sells it to B.B sells it to C and C sells it to D .If the rate of GST is 12% and profit at each stage is 200. find gst ,cgst ,sgst and igst
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Answer:
It is a case of intra-state transaction of goods and services
GSCT= CGST=21GST
Given:
CP of washing machine for wholesaler=Rs.15000
Rate of GST =12%
Amount of GST paid by wholesaler to manufacturer
CGST=GST=6% of Rs.15000
=(6/100)×15000=Rs.900
SP of washing machine by wholesaler to trader= CP + Profit
=Rs.15000+Rs.1200=Rs.16200
Amount of GST paid by trader to wholesaler
CGST = SGST=6% of Rs.16200
=(6/100)×16200=Rs.972
The amount of tax (under GST) received by the State Government from the wholesaler
Rs.972−Rs.900=Rs.72
May this help u guys.!!
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