Question

Mohit, Rajiv, and Geeta live in the same city, Mohit sells an article to Rajiv for Rs 50,000 and Rajiv sells the same article to Geeta at a profit of Rs 6,000. If all the transactions are under GST system at the rate of 12%; find :
(i) The state-government tax (SGST) paid by Rajiv.
(ii) The total tax received by the central-government (

Answer 1

SGST = 6000

state and central government tax received is 3000 and 3000

Step-by-step explanation:

given data

sells an article = 50000

profit = Rs 6,000

GST = 12%

solution

state government tax paid by rajiv = 3000

CGST @ 6 % + SGST @ 6 % = 6000

so here geeta paid = 50000 + 6000  + 6000 = 62000 rupees.

For Rajiv,

SGST = $50000 \times \frac{12}{100}$

SGST = 6000

And

GST = 12 %

so here state and central government tax received is 3000 and 3000

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Answer 2

Step by Step Solution by me