Question

A retailer sells an article at the listed price of ` 15000. The rate of GST on the article is 18%. If the sale is intra-state and the retailer pays a tax of ` 270 under GST to the Central Govt. find the amount inclusive of tax which the retailer had to pay to the wholesaler for the article​

Answer 1

Answer:

14160

Step-by-step explanation:

listed price = 15000

GST rate = 18%

GST =15000×18/100

GST=Rs.2700(output GST)

GST received by central government=2700/2=1350(output GST)

GST paid by reatailer = (output Gst - input GST)

(let input GST be x)

270=1350-x

x=1350-270

x=1080

the total amount under gst =1080×2

= 2160

let the rate at which retailer paid to wholesaler

Y

y×18/100=2160

y=12000

inclusive taxes = 12000+2160=14160