Question

(c) A shopkeeper buys a watch at a discount of 20% from a wholesaler, the
printed price of the watch being Rs 2400. The shopkeeper sells it to a
consumer at the printed price. If the sales are intra-state and the rate of GST
is 12%, find:
(i) GST paid by the shopkeeper to the Central Government.
(ii) GST received by the Central Government.
(iii) GST received by the State Government.
(iv) the amount at which the consumer bought the watch.​

Answer 1

Answer:

The shopkeeper sells it to a

consumer at the printed price. If the sales are intra-state and the rate of GST

is 12%, find:

(i) GST paid by the shopkeeper to the Central Government.

(ii) GST received by the Central Government.

(iii) GST received by the State Government.