Mathematics
Goods/services are sold from Agra (U.P.) to Kanpur (U.P.) for ₹ 20,000 and then Kanpur to Jaipur (Rajasthan). If the rate of GST is 18% and the profit made at Kanpur is ₹ 5,000, find :
The net GST payable by the dealer at Kanpur (GST received - GST paid).
GST
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Answer
When the goods are sold from Agra to Kanpur it is an intra-state transaction.
For dealer in Agra
S.P. = ₹ 20,000
CGST = 9% of ₹ 20,000 = ₹ 1800
SGST = CGST = ₹ 1800.
When the product is sold from Kanpur to Jaipur it is an intra-state transaction.
For dealer in Kanpur
Input-tax credit (ITC) = ₹ 1800 + ₹ 1800 = ₹ 3600.
C.P. (excluding GST) = ₹ 20000 + ₹ 5000 = ₹ 25000.
IGST = 18% of ₹ 25000 = ₹ 4500.
∴ Net GST payable at Kanpur = Output GST - Input-tax credit = ₹ 4500 - ₹ 3600 = ₹ 900.
Hence, the net GST payable at Kanpur is ₹ 900.
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