The printed price of an article is 340000. A wholesaler in Uttar Pradesh buys the article
from a manufacturer in Gujarat at a discount of 10% on the printed price. The wholesaler
sells the article to a retailer in Himachal at 5% above the printed price. If the rate of
GST on the article is 18%, find:
(1) the amount inclusive of tax (under GST) paid by the wholesaler for the article.
(ii) the amount inclusive of tax (under GST) paid by the retailer for the article.
(iii) the amount of tax (under GST) paid by the wholesaler to the Central Government.
(iv) the amount of tax (under GST) received by the Central Government.
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Answer:
central government amount 350000
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