Mathematics
Mr. Kumar a registered dealer purchased goods worth ₹ 40,000 from a dealer (within the same state). If the rate of GST is 18%,
(i) Calculate the Input CGST and the Input SGST
(ii) If he sold these goods to Mr. Dev (within the state) for ₹ 50,000, calculate Mr. Kumar’s output CGST and output SGST
(iii) Calculate the CGST and SGST payable by Mr. Kumar
GST
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Answer
Given:
Purchase amount = ₹ 40,000
Selling amount = ₹ 50,000
GST rate = 18% (i.e., CGST = 9%, SGST = 9%)
Transactions are within the same state.
(i) Calculating,
Input CGST = 9% of ₹ 40,000
= ₹ 40,000 ×
= ₹ 3,600
Input SGST = 9% of ₹ 40,000
= ₹ 40,000 ×
= ₹ 3,600
Hence, input CGST = ₹ 3,600 and input SGST = ₹ 3,600.
(ii) Mr. Kumar sells the goods to Mr. dev for ₹ 50,000.
Output CGST = 9% of ₹ 50,000
= ₹ 50,000
= ₹ 4,500
Output SGST = 9% of ₹ 50,000
= ₹ 50,000 ×
= ₹ 4,500
Hence, output CGST = ₹ 4,500 and output SGST = ₹ 4,500.
(iii) Calculating,
Net CGST payable = Output CGST – Input CGST
= ₹ 4,500 – ₹ 3,600 = ₹ 900.
Net SGST payable = Output SGST – Input SGST
= ₹ 4,500 – ₹ 3,600 = ₹ 900.
Hence, net CGST payable = net SGST payable = ₹ 900.
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