Mathematics
Goods/services are sold from Kota (Rajasthan) to Mumbai for ₹ 20,000 and then from Mumbai to Pune. If the rate of GST is 12% and the profit made at Mumbai is ₹ 5,000; find the net GST paid at Pune, if the dealer at Pune does not sell the goods further.
GST
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Answer
First transaction is an inter-state transaction
For dealer in Mumbai
C.P. = ₹ 20000
IGST = 12% of ₹ 20000 = ₹ 2400
Given,
Profit = ₹ 5000
S.P. = ₹ 20000 + ₹ 5000 = ₹ 25000.
Second transaction is an intra-state transaction
Now for dealer in Pune
C.P. = ₹ 25000
CGST = 6% of ₹ 25000 = ₹ 1500.
SGST = CGST = ₹ 1500.
∴ GST paid by end user at Pune is ₹ 1500 + ₹ 1500 = ₹ 3000.
Hence, GST paid by dealer at Pune is ₹ 3000.
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Fill in the blanks :
When the goods/services are sold for ₹ 15,000 under intra-state transaction from station A to station B and the rate of GST is 12%.
As per GST system
(a) S.P. (excluding GST) at station A = ……….
(b) CGST = …………….
SGST = …………….
(c) C.P. (excluding GST) at station B = …………
(d) If profit = ₹ 5,000
S.P. at station B = ………….
Now the same goods/services are moved under inter state transaction from station B to station C and the rate of tax is 12%.
(e) GST = ……….
(f) C.P. (excluding GST) at station C = ……….
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The net GST payable by the dealer at Kanpur (GST received - GST paid).
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