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 each transaction was 5%.

Read the table and answer the questions.
(i) How much amount did the dealer A get by sale ?

(ii) For how much amount did the dealer B buy the articles ?

(iii) 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:

Answer i-

The GST amount collected by dealer A is Rs. 5000, which is 5% of the total sale.

Total amount did the dealer A get by the sale is;

Suppose X amount is get by the sale;

5 % of X = 5000;

X = (5000*100)/5 = 100000 total amount by sale;

Answer ii-

total gst on purchase amount of B is  = Rs. 4000

Suppose total purchase is done by B is X ruppes;

5% of X = 4000;

X = (4000*100)/5

Purchased amount by B = 80000;

Answer iii

Tax balance with the Govt. for the dealer A = 1000;

Which is equally divide to CGST and SGST = 1000/2 = 500 for each

Answer 2

Step-by-step explanation:

ABOVE PICTURE WILL HELP YOU.