Question

A wholesaler purchased electric goods for the taxable amount of Rupees 1,50,000. He sold it to the retailer for the taxable amount of Rupees 1,80,000. Retailer sold it to the customer for the taxable amount of Rupees 2,20,000. Rate of GST is 18%. Show the computation of GST in tax invoices of sales. Also find the payable CGST and payable SGST for wholesaler and retailer. Solve the word problem

Answer 1

Answer:

Step-by-step explanation:

Answer 2

Answer:

Step-by-step explanation:

Whole Seller Purchased electric goods for the taxable amount of Rupees 1,50,000 at 18 % GST

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

Bill To Whole Seller

Price  =  Rs 150000

SGST = (9/100) * 150000 = Rs 13500

CGST = (9/100) * 150000 = Rs 13500

Total Amount = Rs 177000

Bill by whole seller to Retailer

Price  =  Rs 180000

SGST = (9/100) * 180000 = Rs 16200

CGST = (9/100) * 180000 = Rs 16200

Total Amount = Rs 212400

payable CGST and payable SGST for wholesaler

= 16200 - 13500 =  Rs 2700 Each

Bill by Retailer to Customer

Price  =  Rs 220000

SGST = (9/100) * 220000 = Rs 19800

CGST = (9/100) * 220000 = Rs 19800

Total Amount = Rs 259600

payable CGST and payable SGST for Retailer

= 19800 - 16200 =  Rs 3600 Each