Question

The cost of washing machine for a wholesaler is Rs 10000. He sells it to a retailer for
Rs 11000 and retailer sells it to a customer for Rs 12,200. If the rate of GST is 12%. Find:
(i) the amount of GST deposited with the Government by Retailer (ii) Price paid by the
customer for the washing machine inclusive of tax.

Answer 1

Answer:

It is a case of intra-state transaction of goods and services

GSCT= CGST=

2

1

GST

Given:

CP of washing machine for wholesaler=Rs.15000

Rate of GST =12%

Amount of GST paid by wholesaler to manufacturer

CGST=GST=6% of Rs.15000

=(6/100)×15000=Rs.900

SP of washing machine by wholesaler to trader= CP + Profit

=Rs.15000+Rs.1200=Rs.16200

Amount of GST paid by trader to wholesaler

CGST = SGST=6% of Rs.16200

=(6/100)×16200=Rs.972

The amount of tax (under GST) received by the State Government from the wholesaler

Rs.972−Rs.900=Rs.72

Answer verified by Toppr

Answer 2

Answer:

Step-by-step explanation

One of our customer Mr. Pratik deposited Rs. 3,000/- in bank ... a) Determine the profit maximizing output level. ... b) Time and value of supply under GST. ... 1. a) When price of a good is Rs. 12 per unit, the consumer purchases 24 ...