Mathematics

A retailer purchases a spectacles for ₹1500 from a wholesaler and sells it to a consumer at 10% profit. If the sales are intra-state and the rate of GST is 12%, then choose the correct answer from the given four options for question 1 to 6:

The tax (under GST) received by the Central Government is

  1. ₹18
  2. ₹198
  3. ₹90
  4. ₹99

GST

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Answer

From Question 3:
The tax (under GST) paid by the wholesaler to the Central Government is = ₹90

From Question 4:
The tax (under GST) paid by the retailer to the State Government is = ₹9

as CGST = SGST
∴ The tax (under GST) paid by the retailer to the Central Government is = ₹9

The tax (under GST) received by the Central Government is
= CGST paid by the wholesaler + CGST paid by the retailer
= 90 + 9 = ₹99

∴ Option 4 is the correct option.

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