Question

A manufacturer sells a washing machine to a dealerfor ₹ 12500, the dealer sells it to a consumer at a profit of ₹ 1500. If the sales are intra state and rate of GST is 12%, find the amount to be paid​

Answer 1

Answer:

It is a case of intra-state transaction of goods and services

SGST=CGST=21 GST

Given:

Manufacturere sells T.V to a dealer =Rs.18000

Amount of GST collected by manufacturer from dealer

CGST= SGST =6% of 18000

=1006×18000=Rs.1080

So, manufacturere will pay Rs. 1080 as CGST and RS. 1080 as SGST

CP of a TV for dealer =Rs.18000

Profit=Rs.1500

SP of a TV for dealer to costumer − CP + Profit=Rs.18000+Rs.1500=Rs.19500

Amount of GST collected by dealer from customer,

CGST =SGST=6% of Rs.19500

=1006×19500=Rs.1170

∴  Amount of GST received by the Central Government

=CGST paid by manufacturer + CGST paid by dealer =Rs.1080+Rs.90=Rs.1170