manufacturer sells the TV to a dealer for rupees 18000 in the dealer sells consumer to atah profile of 1500 is the sales are interested in the rate of GST is 12%
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Step-by-step explanation:
A manufacturer sell a T.V. to a dealer for = ₹ 18,000
Dealer sells it to a consumer at a profit of = ₹ 1,500
As this transaction is intra-state so the dealer should pay SGST to state government and CGST to central government only on ₹ 1,500.
Given as GST 12% = 6% CGST + 6% SGST
(i) The amount of GST paid by the dealer to the State Government
= 12% of 1500
= 0.12 × 1500 = ₹ 180
(ii) The amount of GST received by the Central Government
= 6% of 1500
= 0.6 × 1500 = ₹ 90
(iii) The amount of GST received by the State Government
= 6% of 1500
= 0.06 × 1500 = ₹ 90
(iv) Consumer pays for the T.V. = 18,000 + 1,500 = ₹ 19,500
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