Question

Too lengthy sum...


A wholesaler purchased electric goods for the taxable amount of Rs 150000. He sold it to a retailer for the taxable amount of Rs 180000. Retailer sold it to the customer for the taxable amount of Rs 220000. Rate of GST is 18%. Show the computation of GST in tax invoices of sales. Also find the table CGST and table SGST for wholesaler and retailer.​

Answer 1

Input tax credit of wholesaler = 18% of Rs 1,50,000 =

18100×15000018100×150000  = Rs 27,000

Output tax of wholesaler = 18% of Rs 1,80,000 = 

18100×18000018100×180000  = Rs 32,400

GST in tax invoice of wholesaler:
CGST in tax invoice of wholesaler = SGST in tax invoice of wholesaler = 

 Output tax of wholesaler2=324002 Output tax of wholesaler2=324002  = Rs 16,200

Input tax credit of retailer = 18% of Rs 1,80,000 =

18100×18000018100×180000  = Rs 32,400

Output tax of retailer = 18% of Rs 2,20,000 = 

​GST in tax invoice of retailer:

CGST in tax invoice of retailer = SGST in tax invoice of retailer =

 Output tax of retailer2=396002 Output tax of retailer2=396002  = Rs 19,800

(2) 
GST payable by wholesaler = Output tax of wholesaler − Input tax credit of wholesaler = Rs 32,400 − Rs 27,000 = Rs 5,400

CGST payable by wholesaler = SGST payable by wholesaler = 

 GST payable by wholesaler2=54002 GST payable by wholesaler2=54002  = Rs 2,700

GST payable by retailer = Output tax of retailer − Input tax credit of retailer = Rs 39,600 − Rs 32,400 = Rs 7,200

CGST payable by retailer = SGST payable by retailer =

 GST payable by retailer 2=72002 GST payable by retailer 2=72002  = Rs 3,600

Input tax credit of wholesaler = 18% of Rs 1,50,000 =

18100×15000018100×150000  = Rs 27,000

Output tax of wholesaler = 18% of Rs 1,80,000 = 

18100×18000018100×180000  = Rs 32,400

GST in tax invoice of wholesaler:
CGST in tax invoice of wholesaler = SGST in tax invoice of wholesaler = 

 Output tax of wholesaler2=324002 Output tax of wholesaler2=324002  = Rs 16,200

Input tax credit of retailer = 18% of Rs 1,80,000 =

18100×18000018100×180000  = Rs 32,400

Output tax of retailer = 18% of Rs 2,20,000 = 

​GST in tax invoice of retailer:

CGST in tax invoice of retailer = SGST in tax invoice of retailer =

 Output tax of retailer2=396002 Output tax of retailer2=396002  = Rs 19,800

(2) 
GST payable by wholesaler = Output tax of wholesaler − Input tax credit of wholesaler = Rs 32,400 − Rs 27,000 = Rs 5,400

CGST payable by wholesaler = SGST payable by wholesaler = 

 GST payable by wholesaler2=54002 GST payable by wholesaler2=54002  = Rs 2,700

GST payable by retailer = Output tax of retailer − Input tax credit of retailer = Rs 39,600 − Rs 32,400 = Rs 7,200

CGST payable by retailer = SGST payable by retailer =

 GST payable by retailer 2=72002 GST payable by retailer 2=72002  = Rs 3,600