An article has sold from Jaipur(Rajasthan) to Indore(Madhya pradesh) for Rs.5000 and then from Indore to Bhopal(M.P). If the rate of article under GST system is 18% and the profit made by the dealer in Indore is Rs. 2000, find (i). Net GST payble by the dealer in Indore in Rs.
Answers
Step-by-step explanation:
From the question, we have
From the question, we haveFor the dealer in Mumbai (inter-state transaction)
From the question, we haveFor the dealer in Mumbai (inter-state transaction)CP = Rs. 20,000
From the question, we haveFor the dealer in Mumbai (inter-state transaction)CP = Rs. 20,000IGST = 12% of Rs. 20,000 = 12/100 x 20,000 = Rs. 2400
From the question, we haveFor the dealer in Mumbai (inter-state transaction)CP = Rs. 20,000IGST = 12% of Rs. 20,000 = 12/100 x 20,000 = Rs. 2400Given, Profit = Rs. 5000
From the question, we haveFor the dealer in Mumbai (inter-state transaction)CP = Rs. 20,000IGST = 12% of Rs. 20,000 = 12/100 x 20,000 = Rs. 2400Given, Profit = Rs. 5000SP = Rs. 25,000
From the question, we haveFor the dealer in Mumbai (inter-state transaction)CP = Rs. 20,000IGST = 12% of Rs. 20,000 = 12/100 x 20,000 = Rs. 2400Given, Profit = Rs. 5000SP = Rs. 25,000Now, for the dealer in Pune (intra-state transaction)
From the question, we haveFor the dealer in Mumbai (inter-state transaction)CP = Rs. 20,000IGST = 12% of Rs. 20,000 = 12/100 x 20,000 = Rs. 2400Given, Profit = Rs. 5000SP = Rs. 25,000Now, for the dealer in Pune (intra-state transaction)CP = Rs. 25,000
From the question, we haveFor the dealer in Mumbai (inter-state transaction)CP = Rs. 20,000IGST = 12% of Rs. 20,000 = 12/100 x 20,000 = Rs. 2400Given, Profit = Rs. 5000SP = Rs. 25,000Now, for the dealer in Pune (intra-state transaction)CP = Rs. 25,000CGST = 6% of 25,000 = Rs. 1500
From the question, we haveFor the dealer in Mumbai (inter-state transaction)CP = Rs. 20,000IGST = 12% of Rs. 20,000 = 12/100 x 20,000 = Rs. 2400Given, Profit = Rs. 5000SP = Rs. 25,000Now, for the dealer in Pune (intra-state transaction)CP = Rs. 25,000CGST = 6% of 25,000 = Rs. 1500SGST = 6% of 25,000 = Rs. 1500
From the question, we haveFor the dealer in Mumbai (inter-state transaction)CP = Rs. 20,000IGST = 12% of Rs. 20,000 = 12/100 x 20,000 = Rs. 2400Given, Profit = Rs. 5000SP = Rs. 25,000Now, for the dealer in Pune (intra-state transaction)CP = Rs. 25,000CGST = 6% of 25,000 = Rs. 1500SGST = 6% of 25,000 = Rs. 1500Thus, the GST payable by the end user at Pune is (1500 + 1500)Rs = Rs. 3000