Mathematics
A is a manufacture of T.V. sets in Delhi. He manufactures a particular brand of T.V. sets and marks it at ₹ 75000. He then sells this T.V. set to a wholesaler B in Punjab at a discount of 30%. The wholesaler B raises the marked price of the T.V. set bought by 30% and then sells it to dealer C in Delhi. If the rate of GST = 5%, find tax (under GST) paid by wholesaler B to the government.
GST
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Answer
Initial M.P. by A = ₹ 75000
B bought T.V. at a discount of 30%.
So, the C.P. = ₹ 75000 -
= ₹ 75000 - ₹ 22500
= ₹ 52500
GST paid by B for purchase = 5% of ₹ 52500 = ₹ 2625
B sells T.V. by increasing M.P. by 30%.
S.P. = ₹ 75000 + 30% of ₹ 75000
= ₹ 75000 +
= ₹ 75000 + ₹ 22500
= ₹ 97500
GST charged by B on selling T.V. = 5% of ₹ 97500
=
= ₹ 4875.
GST paid by B to government = GST charged - GST paid
= ₹ 4875 - ₹ 2625
= ₹ 2250.
Hence, the GST paid by wholesaler B to government = ₹ 2250.
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