A shopkeeper bought an air conditioner at a discount of 20 percentage from a wholesaler the printed price of the air conditioner being rupees 28000 . the shopkeeper sells it to a consumer at a discount of 10 percentage on the printed price . if the gst rate is 18 percentage . the cgst and sgst payable by the shopkeeper to the government.
Answers
CGST Rs. 252 and SGST Rs. 252 payable by the shopkeeper to the government.
Step-by-step explanation:
Printed price of the air conditioner = Rs. 28,000
Shopkeeper bought at a discount of 20% from a wholesaler
= 28000 - (20% × 28000)
= 28000 - 5600
= Rs. 22400
Shopkeeper paid GST = 18% × 22400
= 0.18 × 22400
= Rs. 4032
Shopkeeper sells it to consumer at a discount of 10% on the printed price
= 28000 - (10% × 28000)
= 28000 - 2800
= 25200
GST paid by consumer on 25200 = 18% × 25200
= 0.18 × 25200
= Rs. 4536
GST payable by the shopkeeper = 4536 - 4032 = Rs. 504
GST (18%) = CGST (9%) + SGST (9%)
CGST payable to government = 504/2 = Rs. 252
SGST payable to government = 504 - 252 = RS. 252
CGST Rs. 252 and SGST Rs. 252 payable by the shopkeeper to the government.
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