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A sold an article to B at ₹ 800. B in turn sells the article to C at a profit of ₹200. Calculate INPUT TAX and OUTPUT TAX for dealer B, and GST deposited by dealer B with the government authorities, if the rate of GST is 18%. |
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Answer» ong>Given : A sold an article to B at ₹ 800. B in turn sells the article to C at a profit of ₹200. rate of GST is 18%. To Find : INPUT TAX and OUTPUT TAX for dealer B, and GST deposited by dealer B with the government authorities, Solution: Assuming all transaction with in same state A sold an article to B at ₹ 800. GST is 18%. CGST = SGST = 18/2 = 9 % CGST = SGST = (9/100)800 = Rs 72 Each B in turn sells the article to C at a profit of ₹200. => Selling Price = 800 + 200 = Rs 1000 CGST = SGST = (9/100)1000 = Rs 90 Each INPUT TAX for Dealer B CGST = SGST = 72 => total GST = 72 + 72 = 144 Rs OUTPT TAX for Dealer B CGST = SGST =90 => total GST = 90 + 90 = 180 Rs GST deposited by dealer B with the government authorities, = 180 - 144 = Rs 36 Rs 18 to State government Rs 18 to CENTRAL government Learn More: A company provided Z-security services for the taxable value of ... A retailer sells an article for RO 280 to the BUYER and charges sales ... |
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