A manufacture sells a TV to a dealer for Rs18000 and the dealer sells it to a consumer at a profit o...

Question

A manufacture sells a TV to a dealer for Rs18000 and the dealer sells it to a consumer at a profit of Rs 1500 If the sales are intra state and the rate of GST is 12 Find i The amount of GST paid by the dealer to the State Government ii The amount of GST received by the Central Government iii The amount of GST received by the State Government iv The amount that the consumer pays for the TV

Accepted Answer

It is a case of intrastate transaction of goods and services SGST CGST GST Given Manufacturer sells TV to a dealer 18000 Amount of GST collected by manufacturer from dealer CGST SGST 6 of 18000 6100 18000 1080 So Manufacturer will pay 1080 as CGST and 1080 as SGST CP of a TV for dealer 18000 Profit 1500 SP of a TV for dealer to customer CP Profit 18000 1500 19500 Amount of GST collected by dealer from customer CGST SGST 6 of 19500 6100 19500 1170 i Amount of GST paid by the dealer to the State Government 1170 1080 90 ii Amount of GST received by the Central Government CGST paid by manufacturer CGST paid by dealer 1080 90 1170 iii Amount of GST received by the State Government SGST paid by manufacturer SGST paid by dealer 1080 90 1170 iv Amount that the consumer pays for the TV CP of TV CGST paid by customer SGST paid by customer 19500 1170 1170 21840

ML Aggarwal Solutions Class 10 Mathematics Solutions for GST Exercise 1 in Chapter 1 - GST