Question

A shopkeeper bought an air conditioner at a discount of 20% from a wholesaler, the printed price of tye air conditioner being ₹28000 . the shopkeeper sells it to a consumes at a discount of 10% on the printed price. if gst rate is 18% find (i) gst payable by shopkeeper to the government. (ii) amount paid by the consumer for the air conditioner​

Answer 1

Answer :

1) CGST payable by shopkeeper to the government is 252 Rs

2) SGST payable by shopkeeper to the government is 252 Rs

Step-by-step Explanation ;

Given : 1) discount = 20%

2) Marked price of air conditioner = 28,000

3) The shopkeeper sells it to a consumer at a discount of 10% on

the printed price.

To find : 1) gst payable by shopkeeper to the government.

2) amount paid by the consumer for the air conditioner​

Since, it is a case of intra-state transaction of goods and services.

CGST = SGST = 1/2 × GST

Given, Marked price of the air conditioner for wholesaler = 28,000 Rs

Discount price = 20%

S.P. of the air conditioner for wholesaler = 28,000 - 20% of 28,000

=28,000 - 5,600

= 22,400 Rs

And Rate of GST = 18%

CGST = 9% of 22,400

= 9/100 × 22,400

= 2016 Rs

And SGST = 9% of 22,400 = 9/100 × 22400 = 2016 Rs

Hence, Input CGST = Input SGST for shopkeeper = 2016 Rs

The shopkeeper further sells the air conditioner at a discount of 10% to the consumer on the printed price.

S.P. of the machine for shopkeeper = 28000 - 10% of 28000 Rs

= 28000 - ( 10/100 × 28000 ) = 28000 - 2800 = 25200 Rs

CGST = 9% of 25200

= 9/100 × 25200

= 2268 Rs

And SGST = 9% of 25200

= 9/100 × 25200 = 2268 Rs

Hence, output CGST = output SGST for the shopkeeper = 2268 Rs

CGST payable by the shopkeeper to the government = Output CGST - Input SGST

= 2268 - 2016 = 252 Rs

And SGST payable by the shopkeeper to the government = Output SGST -Input SGST

= 2268 - 2016 = 252 Rs