a manufacturer sells a tv to a dealer for rs 18000 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 the gst paid by the dealer to state government ( working needed)
Answers
Step-by-step explanation:
▪️It is a case of intra-state transaction of goods and services.
▪️SGST = CGST = ½ GST
▪️Given:
▪️Manufacturer sells T.V to a dealer = ₹ 18000
▪️Amount of GST collected by manufacturer from dealer,
▪️CGST – SGST = 6% of 18000
▪️= (6/100) × 18000
▪️= ₹ 1080
▪️So, Manufacturer will pay ₹ 1080 as CGST and ₹ 1080 as SGST
▪️CP of a TV for dealer = ₹ 18000
▪️Profit = ₹ 1500
▪️SP of a TV for dealer to customer – CP + Profit = ₹ 18000 + ₹ 1500
▪️= ₹ 19500
▪️Amount of GST collected by dealer from customer,
▪️CGST = SGST = 6% of ₹ 19500
▪️= (6/100) × 19500
▪️= ₹ 1170
▪️(i) Amount of GST paid by the dealer to the State Government.
▪️₹ 1170 – ₹ 1080 = ₹ 90
▪️(ii) Amount of GST received by the Central Government.
▪️CGST paid by manufacturer + CGST paid by dealer = ₹ 1080 + ₹ 90
▪️= ₹ 1170
▪️(iii) Amount of GST received by the State Government.
▪️SGST paid by manufacturer + SGST paid by dealer = ₹ 1080 + ₹ 90
▪️= ₹ 1170
▪️(iv) Amount that the consumer pays for the TV.
▪️CP of TV + CGST paid by customer + SGST paid by customer
▪️= ₹19500 + ₹1170 + ₹ 1170 = ₹ 21840
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