EXAMPLE 10. The printed price of a scooter is 54.000. A dealer, bought it at 54,162 which
includes 18% GST. If he sells it to a customer at the printed price, find (i) the amount of GST paid
by the customer, (ii) the customer price, (iii) the amount of GST received by the Governments,
(iv) the amount of GST received by the State Government, (v) the amount of GST paid by the dealer,
(vi) the amount of SGST paid by the dealer.
PLEASE SOLVE AS SOON AS POSSIBLE.
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Answers
Answered by
0
Answer:
Hello guys
Step-by-step explanation:
ANSWER
Wholesale purchased spare parts:
taxable value Rs. 250000
GST=28%
⇒ Input tax for the retailer.
28% of taxable value
100
28
(25000)Rs.
=Rs. 70,000
He said it to retailer.
⇒ Taxable value:
2,80,000Rs.
Output tax for the wholesaler:
⇒28% of selling taxable value
⇒
100
28
×480000Rs.
78400Rs.
Input tax credit:
Input tax: Rs. 70000
GST payable
output tax−Input tax credit
78,400−70,000
GST payable=Rs. 8400.
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Answered by
1
Answer:
yes
Step-by-step explanation:
so the taxable value will be x
the gst is 18% on x
therefore gst =18/100^x
therefore purchase price = 18x/100+x
=18x+100x/100=118x/100
therefore 54162=118x/100
therefore 54162^100/118=x
therefore x =45900
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