Question

e SC 15
* A manufacturer buys raw materials worth 12,000 paying GST at the rate of 5%. He sells the
finished product to a dealer in another state at a profit of 30%. The GST charged for the finished
product is 18%. Find the net tax paid by the manufacturer to the government.
​

Answer 1

Step-by-step explanation:

Cost price of the raw material = Rs. 3000

Selling price of the raw material = Rs. 5000

Value added by the manufacturer = 5000 - 3000 = Rs. 2000

Rate of VAT = 4%

VAT paid by the manufacturer = 4% of Rs. 2000 =

100

4

×2000=80

Answer 2

Answer:

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