Question

Niharika food comer purchased chocolate sauce bottles and paid GST of 5200. She sold those bottles to Mittul Bros. and collected GST of 5900. Find the amount of GST payable at every stage of trading and hence find the payable SGST and CGST.​

Answer 1

Answer:

Answer

Tax collected by Amir Enterprise at the time of purchase = Rs 3,800

Tax collected by Amir Enterprise at the time of sale = Rs 4,100

∴ GST payable by Amir Enterprise = Tax collected at the time of sale - Tax collected at the time of purchase

= Rs 4,100 - Rs 3,800 = Rs 300.

CGST payable by Amir Enterprise = SGST payable by Amir Enterprise

= 2300= Rs 150

Tax collected by Akbari Bros. at the time of purchase = Rs 4,100

Tax collected by Akbari Bros. at the time of sale = Rs 4,500

∴ GST payable by Akbari Bros. = Tax collected at the time of sale - Tax collected at the time of purchase

= Rs 4,500 - Rs 4,100 = Rs 400.

CGST payable by Akbari Bros. = SGST payable by Akbari Bros.

= 2400 = Rs 200.