b) A wholesaler purchases some furniture for Rs 1,60,000. He sold it to a retailer for
Rs 1,90,000. The retailer sold it to a customer for Rs 2,30,000. If all the transactions
are within the state and the rate of GST is 18%, calculate
GST paid by wholesaler
Tax paid by retailer to the state government
(iii) Price paid by customer
Answers
Given : wholesaler purchases some furniture for Rs 1,60,000. He sold it to a retailer for Rs 1,90,000. The retailer sold it to a customer for Rs 2,30,000.
f all the transactions are within the state and the rate of GST is 18%,
To Find : GST paid by wholesaler
Tax paid by retailer to the state government
(iii) Price paid by customer
Solution:
wholesaler purchases some furniture for Rs 1,60,000.
GST = 18 % => CGST = SGST = 18/2 = 9 % with in same state
CGST = SGST = (9/100)160000 = Rs 14400
Wholesaler sold it to a retailer for Rs 1,90,000
CGST = SGST = (9/100)190000 = Rs 17100
GST paid by wholesaler = CGST + SGST = 2 * ( 17100 - 14400 ) = 5400 Rs
retailer sold it to a customer for Rs 2,30,000.
CGST = SGST = (9/100)230000 = Rs 20700
Tax paid by retailer to the state government = 20700 - 17100 = Rs 3600
Price paid by customer = 230000 + 20700 + 20700
= 271400 Rs
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