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A dealer X at hapur(UP) supplies goods woth rs. 50000 to some other dealer Y in the same city. Now dealer Y supplies the same goods to dealer Z in calcutta at profit of rs. 20000 find:a) the output and inout taxes for the dealer Yb) the net gst payable by dealer Y[ the rate of GST at each stage is 28 oercent] |
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Answer» Given : A dealer X at hapur(UP) supplies goods woth rs. 50000 to some other dealer Y in the same CITY. Now dealer Y supplies the same goods to dealer Z in calcutta at profit of rs. 2000 . [ the rate of GST at each stage is 28 oercent] To FIND : a) the output and inout taxes for the dealer Y b) the net gst payable by dealer Y Solution: A dealer X at hapur(UP) supplies goods woth rs. 50000 to some other dealer Y in the same city. GST charged = 28 % = (28/100)50000 = Rs 14000 CGST = SGST = Rs 14000/2 = Rs 7000 dealer Y pays GST = Rs 14000 to dealer X Y supplies the same goods to dealer Z in calcutta at profit of rs. 20000 Selling price = 50000 + 20000 = Rs 70000 GST charged = 28 % = (28/100)70000 = Rs 19600 IGST = Rs 19600 Output taxes for dealer Y = Rs 19600 Input taxes for dealer Y = Rs 14000 the net GST payable by dealer Y = 19600 - 14000 = Rs 5600 Learn more: A manufacturer buys raw MATERIAL worth 12000 rupees paying GST 5 ... Anil buys a bicycle whose list price is rupees 1800 with additional ... |
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