The manufacturing price for a TV set was 5000. The company sold it to a distributor at 16% profit. The distributor sold it to a dealer at 30% profit. The dealer sold it to a customer at 20% profit. The price paid by the customer is
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Answer:
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Answer:
A manufacture sells a T.V to a dealer for Rs. 18000 and the dealer sells it to a consumer at a profit of Rs. 1500. If the sales are intra state and the rate of G.S.T is 12%, Find the amount of GST received by the Central Government
Answer
It is a case of intra-state transaction of goods and services
SGST=CGST=
2
1
GST
Given:
Manufacturere sells T.V to a dealer =Rs.18000
Amount of GST collected by manufacturer from dealer
CGST= SGST =6% of 18000
=
100
6
×18000=Rs.1080
So, manufacturere will pay Rs. 1080 as CGST and RS. 1080 as SGST
CP of a TV for dealer =Rs.18000
Profit=Rs.1500
SP of a TV for dealer to costumer − CP + Profit=Rs.18000+Rs.1500=Rs.19500
Amount of GST collected by dealer from customer,
CGST =SGST=6% of Rs.19500
=
100
6
×19500=Rs.1170
∴ Amount of GST received by the Central Government
=CGST paid by manufacturer + CGST paid by dealer =Rs.1080+Rs.90=Rs.1170
Step-by-step explanation: