Question

Write a java program where a shopkeeper buys a TV set for Rs. 52,800 and sells it at a profit of 27.5%. Apart from this a GST of 12.5% and Service Charge is 3.65% is charged. Display total selling price, profit along with GST and service charge. Hint[Total selling price=Selling price+ GST+ Service charges.]​

Answer 1

Answer:

It is a case of intra-state transaction of goods and services

SGST=CGST=

2

1

GST

The amount of tax (under GST) paid by the shopkeeper to the State Government

CGST=SGST=6% of Rs.12000

=(6/100)×12000=Rs.720

GST paid by the consumer to the shopkeeper,

CGST=SGST=6% of Rs.12825

=(6/100)×12825=Rs.769.50

The amount of tax (under GST) paid by the shopkeeper to the State Government=Rs.769.50−Rs.720=Rs.49.50