Question

-) The printed price of an AC is 50000. The wholesaler gives a discount of 10% to a dealer who sells
it to a consumer at a discount of 5% on the marked price. If the sales are intra-state and the rate of
GST is 15%, find:
(i) the amount of tax (under GST) paid by the dealer to the Central and the State Governments
(ii) the amount of tax received by Central and the State Governments.
(iii) the total amount, inclusive of tax paid by the consumer.​

Answer 1

SGST = CGST paid by dealer =  Rs 187.5 Each , tax received by Central and the State  = 3562.5 Rs each , ​ paid by consumer = 54625 Rs

Step-by-step explanation:

The printed price of an AC is 50000.

The wholesaler gives a discount of 10% to a dealer

=> Discount = (10/100)50000 = 5000 Rs

Selling Price before GST = 50000 - 5000 = 45000 Rs

GST = 15 %

SGST = CGST = GST/2 = 15/2 %

=> SGST = CGST  = (15/200) * 45000 = 3375 Rs

dealer sells to a consumer at a discount of 5%

=>  Discount = (5/100)50000 = 2500 Rs

Selling Price before GST = 50000 - 2500 = 47500 Rs

GST = 15 %

SGST = CGST = GST/2 = 15/2 %

=> SGST = CGST  = (15/200) * 47500 = 3562.5 Rs

Amount paid by consumer = 47500 +  3562.5 +  3562.5 = 54625 Rs

the amount of tax (under GST) paid by the dealer to the Central and the State Governments = 3562.5 - 3375 = Rs 187.5 Each

the amount of tax received by Central and the State Governments. = 3562.5 Rs each

the total amount, inclusive of tax paid by the consumer =  ​54625 Rs

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