Mathematics
John sells goods worth ₹ 2000 to Manish belonging to the same state. John gives a discount of 20% and charges GST = 5%. Then John gets :
₹ 20
₹ 850
₹ 1680
₹ 2520
GST
18 Likes
Answer
Given,
G.S.T. = 5%
Discount % = 20%
Discounted price = M.P. - Discount %
= 2000 -
= ₹ 2000 - ₹ 400
= ₹ 1600.
For intra-state transaction :
C.G.S.T. % = = 2.5%
S.G.S.T. % = = 2.5%
C.G.S.T. = S.G.S.T. = = ₹ 40
Amount paid by Manish to John = Discounted price + C.G.S.T. + S.G.S.T.
= ₹ 1600 + ₹ 40 + ₹ 40 = ₹ 1680.
Hence, Option 3 is the correct option.
Answered By
5 Likes
Related Questions
If a dealer supplies goods worth ₹ 3,000 to another local dealer with 28% GST, then the tax levied under CGST is:
₹ 270
₹ 540
₹ 840
₹ 420
For a registered dealer, if the input tax is ₹ x and output tax is ₹ y, then the tax liability on the dealer is:
₹ x
₹ (x - y)
₹(y - x)
₹ y
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 = ……….
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).