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

Answered

A shopkeeper bought an air conditioner at a discount of 20% from a wholesaler, the printed price of the air conditioner being Rs 28000. The shopkeeper sells it to a consumer at a discount of 10% on the printed price .If the GST rate is 18% ,find

(i) the CGST and SGST payable by the shopkeeper to the government

(ii) the total amount paid by the consumer for the air conditioner

GST = 18%

CGST = SGST = 1/2 GST = 1/2 x 18% = 9%

Markes price of a air conditioner = Rs. 28000

Discount = 20% of 28,000 = Rs. 5,600

S.P. of the air conditioner for wholesaler = Rs. 28,000 - Discount = 28,000 - 5,600 = Rs. 22,400

CGST = 9% of Rs. 22,400 = 9/100 x 22,400 = Rs. 2016

and SGST = 9% of Rs. 22,400 = Rs. 2016

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

Therefore, S.P. of the machine for shopkeeper = Rs. 28,000 - 10% of 28000 = 28000 - 2800 = Rs. 25200

Therefore, CGST = 9% of 25200 = 9/100 x 25200 = Rs. 2268

and SGST = 9% of 25200 = Rs. 2268

(i)

CGST payable by the shopkeeper to the government = Output CGST - Input CGST = 2268 - 2016 = Rs. 252

and SGST payable by the shopkeeper to the government = Output SGST - Input SGST = 2268 - 2016 = Rs. 252

(ii)

Total amount paid by the retailer = S.P. of the machine + CGST + SGST = 25200 + 2268 + 2268 = Rs. 29736