A manufacturer sells a T.V. to a dealer for Rs 18000 and the dealer sells it to a consumer at a profit of Rs 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 fiST received hv the letter to the State Government
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Answer:
In a case of intra state transaction of goods and services
Step-by-step explanation:
SGST =CGST =1/2 GST
Given
Manufacturer sells TV to the dealer = 18000
Amount of GST collected by manufacturer from dealer
CGST-SGST = 6 percentage which is 18000
=(6 /100) into 18000
= 1080
So manufacturer will pay 1080 as CGST and 1080 as SGST
CP of a TV dealer = 18000
Profit = 1500
SP of a TV dealer to customer
CP + profit =18000+1500
=19500
Amount of GST collected by dealer to customer
CGST =SGST =6 percentage of 19500
=(6/100) into 19500
=1170
I) Amount of GST paid by the dealer to State Government
=1170-1080=90
II) Amount of GST received by the State Government
CGST paid by manufacturer +CGST
Paid by dealer =1080+90
=1170
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