Mathematics
Mr. Batra, a registered dealer in Hisar (Haryana) purchased blankets worth ₹ 2,00,000. He sold 50% of these blankets to a dealer in Panipat (Haryana) for ₹ 1,30,000 and the rest of the goods remain in his stock. If the GST rate is 5%, find the excess credit of CGST and SGST to be carried forward.
Related Questions
In a GST chain, a dealer Mr. Shah purchases an article for ₹ 50,000 and supplies it to another dealer Mr. Paresh at a profit of ₹ 6,000. Mr. Paresh sells it to a consumer Mrs. Gupta at a profit of ₹ 4,000. If the rate of GST is 18% and if all transactions were intrastate, calculate
(i) ITC for Mr. Shah
(ii) Input Tax payable by Mr. Paresh
(iii) Total cost price of the article for Mrs. Gupta
(iv) Output GST for Mrs. Gupta
A registered dealer M/s Aniket and Sons Ltd. purchased goods for ₹ 24,00,000 and sold them for ₹ 27,50,000, within the state. If the GST rate is 18%, find the net CGST and SGST payable by the dealer.
A wrist watch was sold by a wholesaler from Mumbai (Maharashtra) to a dealer in Indore (MP) for ₹ 22,000. The dealer in Indore sold it to an end-user in Gwalior (MP) at a profit of ₹ 5,000. If the rate of GST is 18%, calculate :
(i) the net IGST, CGST and SGST payable by the dealer in Indore.
(ii) the cost price of the watch for the end-user.
A wholesaler of clocks in Jaipur (Rajasthan) purchased a vintage clock for ₹ 2,000 and supplied it to a dealer in Ratlam (MP) for ₹ 2,400. This clock was sold by the Ratlam dealer to an end-user in Delhi for ₹ 3,000. If the rate of GST is 18%, calculate:
(i) the net IGST, CGST and SGST payable by Ratlam dealer
(ii) the total cost of the clock for the end-user in Delhi