The cost of a sewing maching for a wholesaler is Rs. 5000. He sells it to a retailer for Rs. 6000 and the retailer sells it to a consumer for Rs. 7200. If the rate of GST is 12% and all sales are intra-state, calculate :
(i) the tax paid by the wholesaler to the State Government. (ii) the amount of SGST deposited by the retailer.
(iii) the price paid by the consumer for the machine.
(iv) the tax received by the Central Government
Answers
Answer:
Solution 1
MRP = Rs. 12,000, Discount % = 30%, GST = 18%
Discount = 30% of 12,000 =
Selling price (discounted value) = 12000 - 3600 = Rs. 8400
CGST = 9% of 8400 = Rs. 756
SGST = 9% of 8400 = Rs. 756
IGST = 0
Amount of Bill = Selling price + CGST + SGST = 8400 + 756 + 756 = Rs. 9912
Answer:
1. 60 ,2. 72, 3.8064 ,4. 432
Step-by-step explanation:
1 point
wholesaler sp = 6000, cp = 5000
profit of wholesaler = 6000- 5000=1000
SGST=6%of 1000= 60.
2 point
retailer SP =7200,CP=6000
profit of retailer = 7200-6000= 1200
SGST= 6%of 1200= 72.
3 point
CP of consumer = 7200 , GST=12%
GST=12%of 7200= 864
total price =CP+GST
=7200+864= 8064.
4 point
CP of consumer = 7200
CGST= 6% of 7200= 432.
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