wholesaler purchased electric goods for the taxable amount of 150000 he sold it is to the the little tailor for the taxable amount of rupees 180000 retail trailer sold it to the customer for the taxable amount of 2020 220000 rate of GST is 18% show it computation of GST in tax invoices of sales also find the payable cgst e and payable Sgst wholesaler and retailer.
Answers
Answer:
Rs. 5400
Step-by-step explanation:
Rate of GST=18%
Input tax of whole sale =18% of 150000
=
100
18
×=Rs 27000
Out put tax =18% of 180000
=
100
18
×180000=Rs 32100
out put tax (xetailer) =18% of 220000
=
100
18
×220000=Rs 39600
⇒ GST in tax in various of retailer
GST (in retailer )=GST (retailer)
=
2
output tax (retailer)
=
2
39600
=Rs. 19800
GST payable by wholesales =
output tax (wholesale)-input (wholesale)
=Rs 32400−Rs 27000=Rs 5400
Rate of GST=18%
input tax wholesale =18% of 15000
=
100
18
×150000=Rs 27000
output tax=18\%of180000$$
=
100
18
×180000=Rs 32100
output tax (retailer)=18% of 22000
=
100
18
×2200000=Rs 39600
⇒ GST in tax variousof retailer
GST (in retailer) =GST (retailer)
=
2
output tax (retailer)
=
2
39600
=Rs 19800
GST payable by wholesale
output tax (whole sale) -input (whole sale)
=Rs 32400−Rs 27000=Rs 5400