Question

A manufacturer sells a T.V. to a dealer for 18000 and the dealer sells it to a consumer
at a profit of 1500. If the sales are intra-state and the rate of GST is 12%, find:
(i) the amount of GST paid by the dealer to the State Government.
(ii) the amount of GST received by the Central Government.
(iii) the amount of GST received by the State Government.
(iv) the amount that the consumer pays for the T.V.​

Answer 1

Answer:

(i) 180/- (ii) 90/- (iii) 90/- (iv) 19,500/-

Step-by-step explanation:

A manufacturer sell a T.V. to a dealer for = ₹ 18,000

Dealer sells it to a consumer at a profit of = ₹ 1,500

As this transaction is intra-state so the dealer should pay SGST to state government and CGST to central government only on ₹ 1,500.

Given as GST 12% = 6% CGST + 6% SGST

(i) The amount of GST paid by the dealer to the State Government

= 12% of 1500

= 0.12 × 1500 = ₹ 180

(ii) The amount of GST received by the Central Government

= 6% of 1500

= 0.6 × 1500 = ₹ 90

(iii) The amount of GST received by the State Government

= 6% of 1500

= 0.06 × 1500 = ₹ 90

(iv) Consumer pays for the T.V. = 18,000 + 1,500 = ₹ 19,500

Learn more about GST intra state : https://brainly.in/question/10929467

Answer 2

Step-by-step explanation:

Answer is given here.....