.The price of a TV is 28,000The GST charged on it is at the rate of 18%. Find the amount that will be paid to buy it
Answers
Answer:
— (ii) the amount of tax (under GST) paid by the consumer. ... Amount = Selling price + CGST + SGST ... If the sales are intra-state and the rate of GST is 18%.
Answer:
It is a case of intra-state transaction of goods and services.
SGST = CGST = ½ GST
Given:
Manufacturer sells T.V to a dealer = ₹ 18000
Amount of GST collected by manufacturer from dealer,
CGST – SGST = 6% of 18000
= (6/100) × 18000
= ₹ 1080
So, Manufacturer will pay ₹ 1080 as CGST and ₹ 1080 as SGST
CP of a TV for dealer = ₹ 18000
Profit = ₹ 1500
SP of a TV for dealer to customer – CP + Profit = ₹ 18000 + ₹ 1500
= ₹ 19500
Amount of GST collected by dealer from customer,
CGST = SGST = 6% of ₹ 19500
= (6/100) × 19500
= ₹ 1170
(i) Amount of GST paid by the dealer to the State Government.
₹ 1170 – ₹ 1080 = ₹ 90
(ii) Amount of GST received by the Central Government.
CGST paid by manufacturer + CGST paid by dealer = ₹ 1080 + ₹ 90
= ₹ 1170
(iii) Amount of GST received by the State Government.
SGST paid by manufacturer + SGST paid by dealer = ₹ 1080 + ₹ 90
= ₹ 1170
(iv) Amount that the consumer pays for the TV.
CP of TV + CGST paid by customer + SGST paid by customer
= ₹19500 + ₹1170 + ₹ 1170 = ₹ 21840
Step-by-step explanation:
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