Question

The printed price of an article is 50000. The wholesaler allows a discount of 10% to
a shopkeeper. The shopkeeper sells the article to a consumer at 4% above the marked price. if the sales are intra state and rate of GST is 18 % find:
(i) the amount inclusive of tax (under GST) which the shopkeeper pays for the article.
(ii) the amount paid by the consumer for the article.
(iii) the amount of tax (under GST) paid by the shopkeeper to the Central Government.
(iv) the amount of tax (under GST) received by the State Government​

Answer 1

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

Step-by-step explanation:

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Answer 2

Answer:

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