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 below it.
Dealer
GST
collected
on the sale
GST paid at
the time of
purchase
ITC
Tax paid
to the
Govt.
Taxbalance
with the
Govt.
A Rs. 5000 Rs. 6000 Rs. 5000 Rs. 0 Rs. 1000
B Rs. 5000 Rs. 4000 Rs. 4000 Rs. 1000 Rs. 0
C Rs. 5000 Rs. 5000 Rs. 5000 Rs. 0 Rs. 0
(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 ?
plseeeeeeeeee answer fast
Answers
Answered by
2
Answer:plzzzzz answer fast
Step-by-step explanation:
Answered by
7
Answer:
The answer is given in the ebalbharathi paper 3 answers section.
Th main question is i think which everyone has is that why it is taken as 100÷5 instead of 5÷100.
Step-by-step explanation:
The reason is that they have already given us the gst amount and they have asked us to find out the amount the dealer got by sale. So to find the amount received we have to take 100÷5 and not 5÷100 because if use 5÷100 then we would be getting the answer as rs. 250 which is wrong and also gst amount at the time of sale is already provided. This is the reason.
Hope this will help you........
Similar questions