the printed price of an air conditioner AC is rupees 45000 the wholesaler allows a discount of 10% to a dealer dealer sell it to air conditioner to a consumer at a discount of 4% on the Marked price if the sales are intra State under rate of GST is 18% find the amount of Tax under GST paid by the central government to Central and state government the amount of Tax under GST received by central and state government the total amount inclusive of tax paid by the consumer for the air conditioner
Answers
Given : printed price of an air conditioner AC is rupees 45000 the wholesaler allows a discount of 10% to a dealer dealer sell it to air conditioner to a consumer at a discount of 4% on the Marked price
GST = 18 % intra state
To find : amount of Tax under GST paid by the Wholeseller to Central and state government
amount of Tax under GST paid by the Dealer to Central and state government
total amount inclusive of tax paid by the consumer for the air conditioner
Solution:
AC list price = Rs 45000
Discount 10 % = (10/100) 45000 = Rs 4500
Price after discount = 45000 - 4500 = Rs 40500
CGST = SGST = GST/2 = 18/2 = 9 %
SGST = CGST = (9/100) 40500 = Rs 3645
amount of Tax paid by whole seller to central & state government each = Rs 3645
Discount 4 % = (4/100) 45000 = Rs 1800
Price after discount = 45000 - 1800 = Rs 43200
SGST = CGST = (9/100) 43200 = Rs 3888
Amount paid by consumer = 43200 + 3888 = 47088 Rs
amount of Tax paid by dealer to central & state government each = 3888 - 3645 = 243 Rs
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