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
Related Questions
A dealer purchased a music system from the manufacturing company for ₹ 25000 and sold it to a consumer at a profit of 20%. If the rate of GST is 18%, calculate
(i) the amount of Input CGST and Input SGST for the dealer.
(ii) the amount of GST payable by dealer to the government.
(iii) the amount that the consumer had to pay for the music system.
[Assume that all the transactions take place in the same state]
A registered computer engineer provides computer maintenance services to five different companies. He offers different discounts to different companies depending upon their payment terms.
Company C1 C2 C3 C4 C5 Service costs ₹8,200 ₹12,100 ₹13,600 ₹8,000 ₹1,500 Discount 30% 25% 20% 15% 10% If the rate of GST is 18%, calculate the output GST for the computer engineer.
A shopkeeper buys a machine at a discount of 20% from the wholesaler. The printed price of the machine is ₹ 16,000 and the rate of GST is 8%. The shopkeeper sells it to the consumer at the printed price. Calculate :
(i) the price at which the machine is bought by the consumer
(ii) the CGST and the SGST payable by the shopkeeper to the Government assuming that all the transactions were intrastate.
A wholesaler buys a machine from the manufacturer for ₹ 25,000. He marks the price of the machine 20% above his cost price and sells it to a retailer at 10% discount on the marked price. If the rate of GST is 18% and assuming that all transactions occur within the same state, calculate :
(i) the marked price of the machine.
(ii) retailers cost price inclusive of GST.
(iii) the CGST and SGST payable by the wholesaler to the government.