Mathematics
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.
Related Questions
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.
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
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.
A manufacturer sells a dish washer to a wholesaler for ₹ 18,000. The wholesaler sells it to a dealer at a profit of ₹ 1,500 and the dealer sells it to a consumer at a profit of ₹ 2,500. If the rate of GST is 12% and assuming that all transactions occur within the same state, calculate:
(i) the total amount of GST received by the central and the state governments on the sale of this dish washer from the manufacturer to the consumer.
(ii) the amount paid by the consumer for the dish washer.