Solution:

Input GST of manufacturer @ 5% on ₹ 4000

= ₹ 200
Output GST of manufacturer @ 30% on ₹
4000x1.30
= 5,200x0.12= 624
Net GST paid by the manufacturer
= output GST – Input GST= 624-200
= ₹ 424 (Answer)
Solution:
Marked price = ₹ 3,500
Sale price = 3,500x1.10= ₹ 3,850
As the sale is within the same city so this is an example of
intra-state sale
Therefore, IGST = Nil
(Integrated goods and services tax (IGST) mean the
tax levied under IGST Act on the supply of any goods
and / or services in the course of inter-state trade)
GST= 12%
CGST = 6% on 3,850= ₹ 231 paid to the Central Government
SCST = 6% on 3,850= ₹ 231 paid to the State Government
Solution:
As the dealer in UP buys the article from the wholesaler of UP, so this is the case of
intra-state sale.
The rate of GST is 12% therefore,
GST paid by the wholesaler (as CGST after collecting from the dealer) to the Central
Government =6% on 30,000= ₹ 1,800 (Answer)
GST paid by the wholesaler (as SGST after collecting from the dealer) to the State
Government = 6% on ₹ 30,000= ₹ 1,800 (Answer)
Selling of the article by dealer to the consumer in Gujrat is an example of inter-state
sale.
The rate of GST 12%, therefore, the IGST would be @12% on the sale price of article
which is as= 30,000 plus 8% profit = 30,000x1.08= ₹ 32,400
IGST collected by the dealer form the consumer= 12% on 32,400=₹ 3,888
Tax paid by the dealer to the central government =
Output GST – input GST = 3,888-(1800+1800) = ₹ 288 (Answer)
The amount which the consumer pays for the article
= C. P. to the consumer plus IGST paid by the consumer
= 32,400+3,888= 36,288 (Answer)
(Cont…)
Some Additional
Exercises