Question

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A manufacturer sold a steel cupboard for a taxable value of Rs. 12000 to the wholesaler. Wholesaler sold it to the retailer for Rs. 16000 (taxable value). Retailer sold it to a consumer for Rs. 20000 (taxable value). Rate of GST is 18%.
1. find the GST at each stage of trading.... ​

Answer 1

Step-by-step explanation:

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Answer Credits : Varadad25 of brainly

Answer 2

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• 1. The GST payable by the wholesaler is ₹ 720.

• 2. The GST payable by the retailer is ₹ 720.

Step-by-step-explanation:-

• A wholesaler purchased a steel cupboard for the taxable value of ₹ 12000.

The rate of GST is 18 %.

$\begin{gathered}\therefore\sf\: The\: GST\: paid\: by\: the\: wholesaler\: =\: 18\%\: of\: 12000\\\\\implies\sf\:\frac{18}{1\cancel{00}}\times\:120\cancel{00}\\\\\implies\sf\:Rs\:2160\:\:\: -\: -\: -\: (1)\end{gathered}$

∴The GST paid by the wholesaler=18%of12000

• The wholesaler sold the steel cupboard to the retailer for taxable amount ₹ 16000.

GST = 18 %.

$\begin{gathered}\therefore\sf\:Out put\:tax\:=\:18\%\:of\:Rs\:16000\\\\\implies\sf\:Out put\:tax\:=\:\frac{18}{1\cancel{00}}\times\:160\cancel{00}\\\\\implies\sf\:Rs\:2880\:\:\:-\:-\:-\:(3)\end{gathered} </p><p>$

Now, GST payable by the wholesaler = Output tax - ITC

= ₹ ( 2880 - 2160 ) ... [ From ( 2 ) & ( 3 ) ]

= ₹ 720 .... ( 4 )

The retailer sold the steel cupboard to customer for taxable amount ₹ 20000.

GST = 18 %.

$\begin{gathered}\therefore\sf\:Out put\:tax\:for\:retailer\:=\:18\%\:of\:20000\\\\\implies\sf\:Out put\:tax\:=\:\frac{18}{1\cancel{00}}\times\:200\cancel{00}\\\\\implies\sf\:Rs\:3600\:\:\:-\:-\:-\:(5)\end{gathered}$

⟹Outputtax= 10018 ×200 00⟹Rs3600−−−(5)

• Now, GST payable by the retailer = Output tax - ITC

= ₹ ( 3600 - 2880 ) ... [ From ( 3 ) & ( 6 ) ]

= ₹ 720

• Ans.: 1. The GST payable by the wholesaler is ₹ 720.

• 2. The GST payable by the retailer is ₹ 720.

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