A shopkeeper buys a camera at a discount of 20 from a wholesaler The printed price of the camera is ...

Question

A shopkeeper buys a camera at a discount of 20% from a wholesaler. The printed

price of the camera is Rs 1600. The shopkeeper tells it to a consumer at the

printed price.

If the sales are intra-state and the rate of GST Is 12%, find:

(i) GST paid by the shopkeeper to the Central Government

(ii) GST received by the Central Government.

(iii) GST received by the State Government.

(iv) The amount at which the consumer bought the camera.

Accepted Answer

It is a case of intrastate transaction of goods and services SGST CGST GST Given Printed price of a camera 1600 Rate of discount 20 CP of camera for shopkeeper printed price Discount 1600 20 of 1600 1600 20100 1600 1600 320 1280 It is given that rate of GST 12 Amount of GST paid by the shopkeeper to the wholesaler CGST SGST 6 of 1280 6100 1280 7680 i GST paid by the shopkeeper to the Central Government CGST SGST 6 of 1600 6100 1600 96 GST paid by the shopkeeper to the Central Government 96 7680 1920 ii GST received by the Central GovernmentCGST paid by wholesaler CGST paid by shopkeeper 7680 1920 96 iii GST received by the State Government SGST paid by wholesaler SGST paid by shopkeeper 7680 1920 96 iv The amount at which the consumer bought the camera Amount paid by consumer for camera CP of camera CGST paid by consumer SGST paid by consumer 1600 96 96 1792

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