Question

A shopkeeper buys a machine at a discount of 20% from the wholesaler the printed price of the machine is 16000 rupees and the rate of GST is 8% the shopkeeper sells it to the consumer at the printed price calculate
1 the price at which machine is bought by the consumer
2 the cgst and sgst payable by the shopkeeper to the government assuming that all the transactions were intrastate.





It's answer is 1 17280
2 252
Please solve this ​

Answer 1

Answer:

a. Rs. 13824

b. Rs. 512

Step-by-step explanation:

The price at which the shopkeeper got the machine = 16000-20% of 16000

= 16000-3200= Rs. 12800

now the taxable price is Rs 12800

on which 8% incentive will be applied

i)therefore price at which the machine is bought by the consumer=

12800+8% of 12800= 12800+1024= RS.13824

ii) since the GST is equally divided into state and center therefore, the CGST and the SGST payable by the shopkeeper to the Government assuming that all the transactions were intrastate.

SGST=CGST = 1024/2 =Rs. 512

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