A dealer buys an article at a discount of 30 from the wholesaler the marked price being Rs 6000 The ...

Question

A dealer buys an article at a discount of 30% from the wholesaler, the marked

price being Rs 6000. The dealer sells it to a consumer at a discount of 10% on the

marked price. If the sales are intra-state and the rate of GST is 5%. Find:

(i) The amount paid by the consumer for the article.

(ii) The tax (under GST) paid by the dealer to the State Government.

(iii) The amount of tax (under GST) received by the Central Government.

Accepted Answer

It is a case of intrastate transaction of goods and services SGST CGST GST Given Marked price of an article 6000 Rate of GST 5 Rate of discount given by the wholesaler 30 CP of an article for dealer Marked price Discount 6000 30 of 6000 6000 30100 6000 6000 1800 4200 Amount of GST paid by dealer to wholesaler CGST SGST 25 of 4200 25100 4200 105 i The amount paid by the consumer for the article SP of an article for consumer Marked price Discount 6000 10 of 6000 6000 10100 6000 6000 600 5400 Amount of GST paid by consumer to dealer CGST SGST 25 of 5400 25100 5400 135 Amount paid by consumer for article CP of article for consumer CGST paid by consumer SGST paid by consumer 5400 135 135 5670 ii The tax under GST paid by the dealer to the State Government 135 105 30 iii The amount of tax under GST received by the Central Government CGST paid by wholesaler CGST by dealer 105 30 135

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