Question

There are three dealers A B and C in Maharashtra Suppose the trade of each of them in
September 2018 was as shown in the following table. The rate of GST on cach transaction
was 5%
Tax-balance
with the Govt.
Read the table and answer the questions below it.
GST GST paid at
Tax paid
Dealer collected on the time of ITC to the
the sale purchase
Govt.
5000 6000 50000
5000 4000 40001000
* 5000 5000 5000 0
1000
30
0
How much amount did the dealer A get by sale?
(i) For how much amount did the dealer B buy the articles?
im) How much is the balance of CGST and SGST left with the government that was paid
by A?​

Answer 1

Answer:

Step-by-step explanation:

Whole seller to Distributor  -   Amount 5000

GST =12 %  CGST = SGST = 6 %

CSGT = SGST (6/100) * 5000  = Rs 300

Taxable value = 300 + 300 = 600

Total Amount = 5000 + 600 = 5600 Rs

Taxes to be paid by Wholeseller to government= CSGT = SGST  = Rs 300

Whole seller to Distributor  - B2B

Distributor  to Retailer  -   Amount 6000

GST =12 %  CGST = SGST = 6 %

CSGT = SGST (6/100) * 6000  = Rs 360

Taxable value = 360 + 360 = 720

Total Amount = 6000 + 720 = 6720 Rs

Distributor  to Retailer  - B2B

Taxes to be paid by Distributor to government  = CSGT = SGST  = Rs 360 - 300 = Rs 60

Retailer  to Consumer  -   Amount 6500

GST =12 %  CGST = SGST = 6 %

CSGT = SGST (6/100) * 6500  = Rs 390

Taxable value = 390 + 390 = 780

Total Amount = 6500 + 780 =7280 Rs

Retailer  to Consumer   - B2C

Taxes to be paid by Retailer to government  = CSGT = SGST  = Rs 390 - 360 = Rs 30

Amount paid by consumer =  6500 + 780 = 7280 Rs

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