Question

A shopkeeper bought a TV from a distributor at a discount of 25% of the listed price of
32000. The shopkeeper sells the TV to a consumer at the listed price. If the sales are
intra-state and the rate of GST is 18%, then choose the correct answer from the given four
options for questions 7 to 11:
7 The selling price of the TV including tax (under GST) by the distributor is
(a) * 32000
(b) 24000
(C) 28320
(d) 26160
8 The tax (under GST) paid by the distributor to the State Government is
(a) * 4320
(b) *2160
(c) 2880
(d) 720
9
The tax (under GST) paid by the shopkeeper to the Central Government is
(a) 720
(b) 1440
(c) * 2880
(d) *2160
10 The tax (under GST) received by the State Government is
(a) 5760
(b) 4320
(c) 1440
(d) 2880
11 The price including tax (under GST) of the TV paid by the consumer is
(a) *28320
(b) 37760
(C) 34880 (d) * 32000
Summary​

Answer 1

Step-by-step explanation:

the above is your answer

Answer 2

Answer:

1) c) 28320
2) b) 2160
3) a) 720
4) c) 2880
5) b) 37760

Step-by-step explanation:

1) List price of the TV= Rs.32000
Discount given by the distributor to the shopkeepet= 25%
Selling Price of the TV= $32000$-$\frac{25}{100}$×$32000$
= Rs.24000
Now, GST is levied at the rate of 18%
∴ CGST and SGST on the selling price will be levied at 9% each.
⇒ CGST= 9% of 24000
= $\frac{9}{100}$×$24000$
= Rs.2160
Similarly, SGST= Rs.2160
Total GST amount= Rs.4320
∴ The selling price of the TV including tax (under GST) by the distributor will be:
Selling Price of the TV+ GST
= 24000+ 4320
= Rs.28320

2) The tax paid by the distributor to the State Government:
= Rs.2160 (SGST Amount)

3) For the shopkeeper:

Cost Price= Rs.28320, inclusive of GST.
GST paid by him to the distributor= Rs.4320
Selling Price of the TV to the customer= Rs.32000, excluding GST.
GST charged to the customer= 18% on 32000
⇒ CGST= 9% of 32000
= $\frac{9}{100}$×$32000$

= Rs.2880
Similarly, SGST= Rs.2880
Total GST= Rs.5760

Total tax paid to the government= 5760-4320
= Rs.1440

∴The tax (under GST) paid by the shopkeeper to the Central Government is:
= Rs.720 (CGST Amount)

4) The tax received (under GST) by the State Government will be:
= SGST paid by the distributor+ SGST paid by the shopkeeper
= 2160+ 720
= Rs.2880

5) The price including tax (under GST) of the TV paid by the consumer is:
= Selling price of the TV+ GST
= 32000+5760
= Rs.37760