A manufacturer marks an article at Rs 5000, He sells it to a wholesaler at a
discount of 25% on the marked price and the wholesaler sells it to a retailer at a
discount of 15% on the marked price. The retailer sells it to a consumer at the
marked price. if all the sales are intra-state and the rate of GST is 12%, find:
(i) The amount inclusive of tax (under GST) which the wholesaler pays for the
article.
(ii) The amount inclusive of tax (under GST) which the retailer pays for the article.
(iii) The amount of tax (under GST) which the wholesaler pays to the Central
Government.
(iv) The amount of tax (under CS?) which the retailer pays to the State
Government.