Mathematics
A shopkeeper bought an air conditioner at a discount of 20% from a wholesaler, the printed price of the air conditioner being ₹ 28,000. The shopkeeper sells it to a consumer at a discount of 10% on the printed price. If the GST rate is 18%, find
(i) the CGST and SGST payable by the shopkeeper to the Government.
(ii) the total amount paid by the consumer for the air conditioner.
[Assume that all transactions occurred in the same state]
GST
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Answer
Given :
Marked Price (Printed Price) = ₹ 28,000
Shopkeeper gets 20% discount from wholesaler.
Discount given by wholesaler = 20% of ₹ 28,000
= x 28000
= ₹ 5,600
(i) Cost Price (CP) of the Shopkeeper = ₹ 28,000 - ₹ 5,600 = ₹ 22,400.
Since, transaction is intra-state, CGST and SGST are applicable.
CGST rate = SGST rate = = 9%
Input CGST of the Shopkeeper = 9% of ₹ 22,400
=
= ₹ 2,016
Input SGST of the Shopkeeper = 9% of ₹ 22,400
=
= ₹ 2,016
Discount given by Shopkeeper = 10% of ₹ 28,000
= x 28,000
= ₹ 2,800
Selling Price of the Shopkeeper excluding tax = ₹ 28,000 - 2,800 = ₹ 25,200.
Output CGST of the Shopkeeper = 9% of ₹ 25,200
=
= ₹ 2,268
Output SGST of the Shopkeeper = 9% of ₹ 25,200
=
= ₹ 2,268
Net CGST payable = Output CGST – Input CGST
= ₹ 2,268 - ₹ 2,016
= ₹ 252.
Net SGST payable = Output SGST – Input SGST
= ₹ 2,268 - ₹ 2,016
= ₹ 252
Hence, the CGST and SGST payable by the shopkeeper to the Government = ₹ 252 each.
(ii) Total Amount Paid by the Consumer = S.P. of shopkeeper (excluding tax) + CGST charged by shopkeeper + SGST charged by shopkeeper
= ₹ 25,200 + ₹ 2,268 + ₹ 2,268
= ₹ 29,736.
Hence, amount paid by the consumer = ₹ 29,736.
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