Question

In a GST chain, a dealer X purchases an article for Rs 8000 and supplies it to another dealer Y(in the same state) at a profit of Rs 1000.The dealer Y sells it to a customer Z at a profit of Rs 2000. If the rate of GST is 12% and if all transactions were intrastate, Calculate (i) ITC for dealer X (ii) Input Tax payable by dealer Y (iii) Total cost price of the article for customer Z (iv)Output GST for customer Z.​

Answer 1

Answer:

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Step-by-step explanation:

A dealer X in Hapur (UP) supplies goods/services, worth Rs. 50,000 to some other dealer Y in the same city. Now the dealer Y supplies the same goods/services to dealer Z in Calcutta at a profit of Rs. 20,000. Find : <br> net GST payable by dealer Y. <br> [The rate of GST at each stage is `28%`].