Question

Janhavi traders purchased sugar bags and paid a GST of RS.47500.Vinay agencies purchased at the these bags and paid GST of RS.52000.After these vinay agencies sold this sugar to customers and collected GST of RS.75000.Calculate GST payable at each stage,CGST AND SGST).

ANSWER ONLY IF U KNOW.​

Answer 1

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Stage 1:

Janhavi traders purchased sugar bags by paying GST of RS. 47500

Input tax =47500 RS.

After that vinay agencies purchased these sugar bags from Janhavi traders by paying GST of RS.5200.

Output tax of Janhavi traders=52000 RS.

GST payable by Janhavi traders=output tax-input tax

= 52000-47000

=5000

CGST payable by Janhavi traders= Total GST/2

=5000/2

=2500 RS.

CGST payable by Janhavi traders= Total GST/2

=5000/2

=2500 RS.

and,SGST payable by Janhavi traders=Total GST/2

=5000/2

=2500 RS.

STAGE 2:

Vinay agencies purchased sugar bags by paying GST of RS 52000

Input tax=52000 RS.

output tax= 75000 RS

Hence,

GST payable by vinay agencies= output tax-input tax

= 75000-52000

=23000 RS.

CGST payable by vinay agencies= total GST/2

=23000/2

=11500rs

And,

SGST payable by vinay agencies= Total GST/2

= 23000/2

=11500 RS.

Hope it helps you mate.