dealer bought an article from Manufacturer at a discount of 30%, the Marked price was Rs 3
8000. dealer sold it to consumer at a discount of 10% of the Marked price. If all the
sales are intra state and the rate of GST is 5%, find the amount of tax
(GST) paid by dealer to Central Govt.
Answers
Answer:
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Step-by-step explanation:
It is a case of intra-state transaction of goods and services
SGST=CGST=21GST
Given:
Marked price of an article =Rs.6000
Rate of GST=5%
Rate of discount given by the wholesaler =30%
CP of an article for dealer = Marked price - Discount
=Rs.6000−30% of Rs.6000
=Rs.6000−(30/100)×6000=Rs.6000−1800=Rs.4200
Amount of GST paid by dealer to wholesaler,
CGST=SGST=2.5% of Rs.4200
=(2.5/100)×4200=Rs.105
The amount paid by the consumer for the article
SP of an article for consumer = Marked price - Discount
=Rs.6000−10% of Rs.6000
=Rs.6000−(10/100)×6000=Rs.6000−600=Rs.5400
Amount of GST paid by consumer to dealer,
CGST=SGST=2.5% of Rs.5400
=(2.5/100)×5400=Rs.135
Amount paid by consumer for article = CP of article for consumer + CGST paid by consumer + SGST paid by consumer =Rs.5400+Rs.135+Rs.135=Rs.5670