Mathematics
A shopkeeper bought a machine from a distributor at a discount of 25% of the listed price of ₹32000. The shopkeeper sells the machine to a consumer at listed price. If the sales are intra-state and the rate of GST is 18%, then choose the correct answer from the given four options for questions 7 to 11:
The tax (under GST) paid by the distributor to the State Government is
- ₹4320
- ₹2160
- ₹2880
- ₹720
GST
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Answer
From Question 7:
As the sales are intra-state and the rate of GST is 18%, so GST comprises of 9% as CGST and 9% as SGST. Distributor sells the machine to shopkeeper for ₹24000, amount of SGST collected by distributor from shopkeeper (or paid by shopkeeper):
SGST = 9% of 24000 = x 24000 = ₹2160
∴ Option 2 is the correct option.
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A shopkeeper bought a machine from a distributor at a discount of 25% of the listed price of ₹32000. The shopkeeper sells the machine to a consumer at listed price. If the sales are intra-state and the rate of GST is 18%, then choose the correct answer from the given four options for questions 7 to 11:
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A shopkeeper bought a machine from a distributor at a discount of 25% of the listed price of ₹32000. The shopkeeper sells the machine to a consumer at listed price. If the sales are intra-state and the rate of GST is 18%, then choose the correct answer from the given four options for questions 7 to 11:
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