Question

Mr Abdul a manufacturer sells his product worth rupees 225000 within the state he buys goods worth rupees 120000 within the state is correct of GST 12% on the raw material and 18% and the finished product find the amount of GST he has to pay

Answer 1

Rs 26100 GST has to be paid by Mr. Abdul

Step-by-step explanation:

Mr Abdul  will buy raw material to make finished product

Mr Abdul  buys goods worth rupees 120000 within the state

GST 12%

CGST = SGST = 12/2 = 6 %

CGST = SGST = (6/100) 120000 = Rs 7200

GST = CGST + SGST = 7200 + 7200 = 14400 Rs

Mr Abdul sells his product worth rupees 225000   in state

GST = 18 %

CGST = SGST = 18/2 = 9 %

CGST = SGST = (9/100) 225000 = Rs 20250

GST = CGST + SGST = 20250 + 20250 = 40500 Rs

Amount of GST to be Paid by Mr. Abdul = 40500 - 14400

= 26100 Rs

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Answer 2

The Total amount to be paid on GST is Rs 54900

Step-by-step explanation:

Given as :

The cost price of the goods within State = Rs 1,20,000

The GST tax which is applicable = 12% on goods price

Let The GST amount on cost price = Rs x

So, GST amount on cost price = 12% of Rs 1,20,000

i.e   x = $\dfrac{12}{100}$  ×  Rs 1,20,000

Or,  x = 12 × Rs 1200

∴     x = Rs 14400

GST amount on cost price = x = Rs 14400

Again

The selling price of the goods within State = Rs 2,25,000

The GST tax which is applicable = 18% on goods selling price

Let The GST amount on selling price = Rs y

So, GST amount on sell price = 18% of Rs 2,25,000

i.e   y = $\dfrac{18}{100}$  ×  Rs 2,25,000

Or,  y = 18 × Rs 2250

∴     y = Rs 40500

GST amount on sell price =  y = Rs 40500

Total amount to be paid on GST = GST amount on cost price + GST amount on sell price

i.e Total amount to be paid on GST = x + y

Or, Total amount to be paid on GST = Rs 14400 + Rs 40500

∴  Total amount to be paid on GST = Rs 54900

Hence, The Total amount to be paid on GST is Rs 54900  Answer