Question

(c) A shopkeeper buys an article whose printed price is Rs. 4000 from a wholesaler at a discount of 20% 4 and sells it to a consumer at the printed price. If the sales are intrastate and the rate of GST is 12%, find

(i) the price of the article inclusive of GST at which the shopkeeper bought it.

(ii) the amount of tax (under GST) paid by the shopkeeper to the State Government.

(iii) the amount of tax (under GST) received by the Central Government.

(iv) the amount which the consumer pays for the article.​

Answer 1

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