Question

A manufacturer sells a washing manchine for 15000. The wholesaler sells it to a trader at a profit of 1500 and the trader in turn sells it to a consumer at a profit of 1800 the sales are intra state and the rate of GST is 18%.! Find the amount of gst received by the state and central govt of this machine from the wholesaler and retailer

Answer 1

Answer:

Given :-

Cost of washing machine = RS 1500

Amount of tax collected by manufacture= 8% off

$15000=\dfrac{8}{100}\times15000= </p><p>Rs\:1200$

S.P of the washing machine = Rs 15000

GST = 12% of Rs 15000

Tax under GST received by the state government by the wholesaler = 6% of 15000

                 = (6 ÷ 100) x 15000

                 = Rs 900

(ii) Wholesaler sells the washing machine at a profit of Rs 12000

S.P of the washing machine to the trader = 15000 + 12000

                                                                 = Rs 27000

Tax under GST received by the central government by the trader = 6% of 27000

         = (6 ÷ 100) x 27000

         = Rs 1620

(iii) Trader sells the washing machine to the consumer at a profit of Rs 1800

S.P of the washing machine to the consumer = 27000 + 1800

                                                                       = Rs 28800

Taxes = 12% of 28800

         = (12 ÷ 100) X 28800

         = Rs 3456

Therefore, the total amount paid by the consumer for the washing machine = 28800 + 3456

                            = Rs 32256