Question

goods from Delhi are sold to Ranchi (Jharkhand ) for rupees 20,000 and then from Ranchi to Cuttack (Orissa). if the rate of GST is 18% and the profit made at Ranchi is 5,000 then
(i) the net GST paid by the dealer in Ranchi is: answer= 900
(ii) the cost of goods at Cuttack is
answer= 29,500
show to the solution.​

Answer 1

Answer:

Step-by-step explanation:When the goods/services are sold for Rs. 15,000 under intra-state transaction from station A to station B

and the rate of GST is 12%.

As per GST System

(a) S.P. at station A = Rs. 15,000

(b) CGST = 6% of 15,000 = Rs. 900

SGST = 6% of 15,000 = Rs. 900

(c) C.P. at station B = Rs. 15,000

(d) If profit = Rs. 5000

S.P. at station B = 15,000 + 5000 = Rs. 20,000

Now the same goods/services are moved under inter-state transaction from station B to station C and the

rate of tax is 12%.

(e) GST = 12% of 20,000 = Rs. 2400

(f) C.P. at station C = Rs. 20,000