Goods & Services Tax

Marked price of the article = ₹15000
Profit = 10%
Rate of GST = 12%

(i) Selling price of the article (excluding tax) = Marked Price + Profit

$$\begin{aligned}= 15000 + \Big(\frac{10}{100} \times 15000\Big) \\[0.5em] = 15000 + 1500 \\[0.5em] = \bold{₹16500}\end{aligned}$$

(ii) The amount of tax (under GST) paid by the consumer

$$\begin{aligned}= 12% \text{ of } ₹16500 \\[0.5em] = ₹\Big(\frac{12}{100} \times 16500\Big) \\[0.5em] = \bold{₹1980}\end{aligned}$$

(iii) The total amount paid by the consumer = Selling price of the article + GST paid by the consumer
= ₹16500 + ₹1980
= ₹18480

Purchase price of goods = ₹4000
Profit Percentage = 20%
Rate of GST = 5%

As the sales are intra-state and the rate of GST is 5%, so GST comprises of CGST at 2.5% and SGST at 2.5%

(i) The selling price (excluding tax) of the goods = Purchase price + Profit

$$\begin{aligned}= 4000 + \Big(\frac{20}{100} \times 4000\Big) \\[0.5em] = 4000 + 800 \\[0.5em] = \bold{₹4800}\end{aligned}$$

(ii) CGST = 2.5% of 4800 = $\frac{2.5}{100}$ x 4800 = ₹120

(iii) SGST = 2.5% of 4800 = $\frac{2.5}{100}$ x 4800 = ₹120

(iv) The total amount paid by the consumer = Selling price of the goods + GST paid by the consumer
= ₹4800 + CGST paid by the consumer + SGST paid by the consumer
= ₹4800 + ₹120 + ₹120
= ₹5040

(i) Given,

Cost of medicines = ₹ 950

GST amount for medicines = 5% of ₹ 950

= $\frac{5}{100} \times 950$

= $\frac{4750}{100}$

= ₹ 47.5

Cost of shoes = ₹ 3,000

GST amount for shoes = 18% of ₹ 3000

= $\frac{18}{100} \times 3000$

= $\frac{54000}{100}$

= ₹ 540

Cost of laptop bag = ₹ 1,000

Discount on laptop bag = 30% of ₹ 1,000

= $\frac{30}{100} \times 1000$

= ₹ 300.

Amount applicable for GST = ₹ 1,000 - ₹ 300 = ₹ 700.

GST amount for laptop bag = 18% of ₹ 700

= $\frac{18}{100} \times 700$

= ₹ 126.

Total amount of GST paid = ₹ 47.5 + ₹ 540 + ₹ 126 = ₹ 713.50

Hence, total amount of GST paid = ₹ 713.5.

(ii) The total bill amount including GST paid by Mr. Bedi = Cost of medicines + Cost of pair of shoes + Cost of laptop bag + Total amount of GST paid

= ₹ 950 + ₹ 3,000 + ₹ 700 + ₹ 713.50

= ₹ 5363.50

Hence, total bill amount including GST paid by Mr. Bedi = ₹5363.5.

Purchase price of the article = ₹20000
Profit = 10%
Rate of GST = 12%

Amount of GST paid by the shopkeeper to the wholesaler

$$\begin{aligned}= 12% \text{ of } ₹20000 \\[1em] = ₹\Big(\frac{12}{100} \times 20000\Big) \\[1em] = ₹2400\end{aligned}$$

∴ Input GST of the shopkeeper = ₹2400

Selling price of the article (excluding tax) = Purchase Price + Profit

$$\begin{aligned}= 20000 + \Big(\frac{10}{100} \times 20000\Big) \\[0.5em] = 20000 + 2000 \\[0.5em] = \bold{₹22000}\end{aligned}$$

Amount of GST collected by the shopkeeper from the consumer

$$\begin{aligned}= 12% \text{ of } ₹22000 \\[1em] = ₹\Big(\frac{12}{100} \times 22000\Big) \\[1em] = ₹2640\end{aligned}$$

∴ Output GST of the shopkeeper = ₹2640

Tax liability of the shopkeeper = Output GST - Input GST
= ₹2640 - ₹2400
= ₹240

Purchase price of the article = ₹6000
Profit = 15%
Rate of GST = 18%

As the sales are intra-state and the rate of GST is 18%, so GST comprises of CGST at 9% and SGST at 9%.

(i) Input CGST paid by the dealer

$$\begin{aligned}= 9% \text{ of } ₹6000 \\[1em] = ₹\Big(\frac{9}{100} \times 6000\Big) \\[1em] = \bold{₹540}\end{aligned}$$

Input SGST paid by the dealer

$$\begin{aligned}= 9% \text{ of } ₹6000 \\[1em] = ₹\Big(\frac{9}{100} \times 6000\Big) \\[1em] = \bold{₹540}\end{aligned}$$

(ii) Selling price of the article (excluding tax) = Purchase Price + Profit

$$\begin{aligned}= 6000 + \Big(\frac{15}{100} \times 6000\Big) \\[0.5em] = 6000 + 900 \\[0.5em] = \bold{₹6900}\end{aligned}$$

Output CGST collected by the dealer

$$\begin{aligned}= 9% \text{ of } ₹6900 \\[1em] = ₹\Big(\frac{9}{100} \times 6900\Big) \\[1em] = \bold{₹621}\end{aligned}$$

Output SGST collected by the dealer

$$\begin{aligned}= 9% \text{ of } ₹6900 \\[1em] = ₹\Big(\frac{9}{100} \times 6900\Big) \\[1em] = \bold{₹621}\end{aligned}$$

(iii) Net CGST paid by the dealer = Output CGST - Input CGST
= ₹(621 - 540)
= ₹81

Net SGST paid by the dealer = Output SGST - Input SGST
= ₹(567 - 540)
= ₹81

(iv) The total amount paid by the consumer = Selling price of the article + GST paid by the consumer
= ₹6900 + CGST collected by the dealer + SGST collected by the dealer
= ₹6900 + ₹621 + ₹621
= ₹8142

Value of raw material = ₹7500
Rate of GST on raw material = 5%
Profit on finished product = 40%
Rate of GST on finished product = 12%

(i) The input tax (under GST) paid by the manufacturer:

As the purchase is intra-state and the rate of GST is 5%, so GST comprises of CGST at 2.5% and SGST at 2.5%.

Input CGST paid by the manufacturer

$$\begin{aligned}= 2.5% \text{ of } ₹7500 \\[1em] = ₹\Big(\frac{2.5}{100} \times 7500\Big) \\[1em] = \bold{₹187.50}\end{aligned}$$

Input SGST paid by the manufacturer

$$\begin{aligned}= 2.5% \text{ of } ₹7500 \\[1em] = ₹\Big(\frac{2.5}{100} \times 7500\Big) \\[1em] = \bold{₹187.50}\end{aligned}$$

(ii) The output tax (under GST) collected by the manufacturer:

Selling price of the product (excluding tax) = Purchase Price + Profit

$$\begin{aligned}= 7500 + \Big(\frac{40}{100} \times 7500\Big) \\[0.5em] = 7500 + 3000 \\[0.5em] = \bold{₹10500}\end{aligned}$$

As the sale is intra-state and the rate of GST is 12%, so GST comprises of CGST at 6% and SGST at 6%.

Output CGST collected by the manufacturer

$$\begin{aligned}= 6% \text{ of } ₹10500 \\[1em] = ₹\Big(\frac{6}{100} \times 10500\Big) \\[1em] = \bold{₹630}\end{aligned}$$

Output SGST collected by the manufacturer

$$\begin{aligned}= 6% \text{ of } ₹10500 \\[1em] = ₹\Big(\frac{6}{100} \times 10500\Big) \\[1em] = \bold{₹630}\end{aligned}$$

(iii) The tax (under GST) paid by the manufacturer to the Central and State Governments:

Net CGST paid by the manufacturer = Output CGST - Input CGST
= ₹(630 - 187.5)
= ₹442.5

Net SGST paid by the manufacturer = Output SGST - Input SGST
= ₹(630 - 187.5)
= ₹442.5

∴ Amount of tax paid by the manufacturer to the Central and State Governments:

CGST = ₹442.5 to the Central government and

SGST = ₹442.5 to the State government

(iv) The amount paid by the dealer for the finished product
= Selling price of the finished product + GST paid by the dealer
= ₹10500 + CGST collected by the manufacturer + SGST collected by the manufacturer
= ₹10500 + ₹630 + ₹630
= ₹11760

It is a case of intra-state transaction of goods and services:
SGST = CGST = $\frac{1}{2}$ x GST

As the sales are intra-state and the rate of GST is 12%, so GST comprises of 6% as CGST and 6% as SGST. Manufacturer sells the TV to dealer for ₹18000, amount of GST collected by manufacturer from dealer(or paid by dealer)

CGST = 6% of 18000 = $\frac{6}{100}$ x 18000 = ₹1080

SGST = 6% of 18000 = $\frac{6}{100}$ x 18000 = ₹1080

∴ Amount of Input GST of dealer:

Input CGST = ₹1080
Input SGST = ₹1080

Manufacturer will pay 1080 as CGST and 1080 as SGST.

Since the dealer sells the TV to a consumer at a profit of 1500, the selling price of TV by dealer (or cost price of TV to the consumer)
= 18000 + 1500 = ₹19500.

The amount of GST collected by dealer (or paid by consumer):

CGST = 6% of 19500 = $\frac{6}{100}$ x 19500 = ₹1170

SGST = 6% of 19500 = $\frac{6}{100}$ x 19500 = ₹1170

∴ Amount of output GST of dealer:

Output CGST = ₹1170
Output SGST = ₹1170

(i) Amount of GST paid by dealer to the State Government
= SGST paid by dealer to the State Government
= Output SGST - Input SGST = 1170 - 1080 = ₹90.

(ii) Amount of GST received by the Central Government:
= CGST paid by Manufacturer + CGST paid by Dealer
=1080 + 90 = ₹1170

(iii) Amount of GST received by the State Government:
= SGST paid by Manufacturer + SGST paid by Dealer
= 1080 + 90 = ₹1170

(iv) The amount which the consumer pays for the TV
= Cost price of TV + CGST paid by consumer + SGST paid by consumer
= 19500 + 1170 + 1170 = ₹21840

It is a case of intra-state transaction of goods and services:
SGST = CGST = $\frac{1}{2}$ x GST

Given:
Printed price of the camera = 1600
Rate of discount shopkeeper = 20%
Cost Price of camera for shopkeeper = Printed Price - Discount

$$\begin{aligned}= 1600 - \Big(\frac{20}{100} \times 1600\Big) \\[0.5em] = 1600 - 320 \\[0.5em] = ₹1280\end{aligned}$$

As the sales are intra-state and the rate of GST is 12%, so GST comprises of 6% as CGST and 6% as SGST. Wholesaler sells the camera to shopkeeper for ₹1280, amount of GST collected by wholesaler from shopkeeper(or paid by shopkeeper)

CGST = 6% of 1280 = $\frac{6}{100}$ x 1280 = ₹76.80

SGST = 6% of 1280 = $\frac{6}{100}$ x 1280 = ₹76.80

∴ Amount of Input GST of Shopkeeper:

Input CGST = ₹76.80
Input SGST = ₹76.80

Since the Shopkeeper sells the camera to a consumer at printed price, the amount of GST collected by shopkeeper (or paid by consumer):

CGST = 6% of 1600 = $\frac{6}{100}$ x 1600 = ₹96

SGST = 6% of 1600 = $\frac{6}{100}$ x 1600 = ₹96

∴ Amount of output GST of shopkeeper:
Output CGST = ₹96
Output SGST = ₹96

(i) GST paid by shopkeeper to the Central Government
= CGST paid by shopkeeper to the Central Government
= Output CGST - Input CGST = 96 - 76.80 = ₹19.20

(ii) GST received by the Central Government:
= CGST paid by Wholesaler + CGST paid by Shopkeeper
=76.80 + 19.20 = ₹96

(iii) GST received by the State Government:
= SGST paid by Wholesaler + SGST paid by Shopkeeper
=76.80 + 19.20 = ₹96

(iv) The amount which the consumer pays for the camera
= Cost price of camera + CGST paid by consumer + SGST paid by consumer
=1600 + 96 + 96 = ₹1792

It is a case of intra-state transaction of goods and services:
SGST = CGST = $\frac{1}{2}$ x GST

Given:
Marked price of the article = ₹6000
Rate of discount for dealer = 30%
Cost Price of article for dealer = Marked Price - Discount

$$\begin{aligned}= 6000 - \Big(\frac{30}{100} \times 6000\Big) \\[0.5em] = 6000 - 1800 = ₹4200\end{aligned}$$

As the sales are intra-state and the rate of GST is 5%, so GST comprises of 2.5% as CGST and 2.5% as SGST. Wholesaler sells the camera to dealer for ₹4200, amount of GST collected by wholesaler from dealer(or paid by dealer)

CGST = 2.5% of 4200= $\frac{2.5}{100}$ x 4200 = ₹105

SGST = 2.5% of 4200= $\frac{2.5}{100}$ x 4200 = ₹105

∴ Amount of Input GST of dealer:

Input CGST = ₹105
Input SGST = ₹105

Since the dealer sells the article to consumer at a discount of 10% on marked price, the selling price of article by dealer (or cost price for consumer):
= Marked Price - Discount $$\begin{aligned}= 6000 - \Big(\frac{10}{100}\times6000\Big) \\[0.5em] = 6000 - 600 \\[0.5em] = ₹5400\end{aligned}$$

The amount of GST collected by dealer (or paid by consumer):

CGST = 2.5% of 5400= $\frac{2.5}{100}$ x 5400 = ₹135

SGST = 2.5% of 5400= $\frac{2.5}{100}$ x 5400 = ₹135

∴ Amount of output GST of dealer:

Output CGST = ₹135
Output SGST = ₹135

(i) the amount paid by the consumer for the article.
= Cost price of article for consumer + CGST paid by consumer + SGST paid by consumer
=5400 + 135 +135 = ₹5670

(ii) the tax (under GST) paid by the dealer to the State Government.
= Output SGST of dealer - Input SGST of dealer
=135 - 105 = ₹30

(iii) the amount of tax (under GST) received by the Central Government.
= CGST paid by Wholesaler + CGST paid by dealer
=105 + 30 = ₹135

It is a case of intra-state transaction of goods and services:
SGST = CGST = $\frac{1}{2}$ x GST

Given:
Marked price of the article = ₹50000
Rate of discount for shopkeeper = 10%
Cost Price of article for shopkeeper = Marked Price - Discount

$$\begin{aligned}= 50000 - \Big(\frac{10}{100} \times 50000\Big) \\[0.5em] = 50000 - 5000 \\[0.5em] = ₹45000\end{aligned}$$

As the sales are intra-state and the rate of GST is 18%, so GST comprises of 9% as CGST and 9% as SGST. Wholesaler sells the article to shopkeeper for ₹45000, amount of GST collected by wholesaler from shopkeeper(or paid by shopkeeper)

CGST = 9% of 45000 = $\frac{9}{100}$ x 45000 = ₹4050

SGST = 9% of 45000 = $\frac{9}{100}$ x 45000 = ₹4050

∴ Amount of Input GST of Shopkeeper:

Input CGST = ₹4050
Input SGST = ₹4050

Since the shopkeeper sells the article to customer at a premium of 4% on marked price, the selling price of article by shopkeeper ( or cost price for consumer) = Marked Price + Premium

$$\begin{aligned}= 50000 + (\frac{4}{100}\times50000) \\[0.5em] = 50000 + 2000 \\[0.5em] = ₹52000\end{aligned}$$

The amount of GST collected by shopkeeper (or paid by consumer):

CGST = 9% of 52000 = $\frac{9}{100}$ x 52000 = ₹4680

CGST = 9% of 52000 = $\frac{9}{100}$ x 52000 = ₹4680

∴ Amount of output GST of Shopkeeper:

Output CGST = ₹4680
Output SGST = ₹4680

(i) the amount inclusive of tax (under GST) which the shopkeeper pays for the article.
= Cost price of article for Shopkeeper + CGST paid by shopkeeper + SGST paid by shopkeeper
= 45000 + 4050 + 4050 = ₹53100

(ii) the amount paid by the consumer for the article.
= Cost price of article for consumer + CGST paid by consumer + SGST paid by consumer
=52000 + 4680 + 4680 = ₹61360

(iii) the amount of tax (under GST) paid by the shopkeeper to the Central Government.
= Output CGST of Shopkeeper - Input CGST of Shopkeeper
= 4680 - 4050 = ₹630.

(iv) the amount of tax (under GST) received by the State Government.
= SGST paid by Wholesaler + SGST paid by Shopkeeper
= 4050 + 630 = ₹4680.

It is a case of intra-state transaction of goods and services:
SGST = CGST = $\frac{1}{2}$ x GST

Given:
Cost Price of machine for retailer = ₹40000
Premium percentage by retailer = 15%
Marked price of the T.V by retailer = Cost Price + Premium

$$\begin{aligned}= 40000 + \Big(\frac{15}{100}\times40000\Big) \\[0.5em] = 40000 + 6000 \\[0.5em] = ₹46000\end{aligned}$$

As the sales are intra-state and the rate of GST is 12%, so GST comprises of 6% as CGST and 6% as SGST. Wholesaler sells the machine to retailer for ₹40000, amount of GST collected by wholesaler from retailer(or paid by retailer)

CGST = 6% of 40000 = $\frac{6}{100}$ x 40000 = ₹2400

SGST = 6% of 40000 = $\frac{6}{100}$ x 40000 = ₹2400

∴ Amount of Input GST of retailer:

Input CGST = ₹2400
Input SGST = ₹2400

Since the retailer sells the machine to consumer at a discount of 5% on marked price, the selling price of machine by retailer (or cost price for consumer) = Marked Price - Discount

$$\begin{aligned}= 46000 - (\frac{5}{100}\times46000) \\[0.5em] = 46000 - 2300 \\[0.5em] = ₹43700\end{aligned}$$

The amount of GST collected by retailer (or paid by consumer):

CGST = 6% of 43700 = $\frac{6}{100}$ x 43700 = ₹2622

SGST = 6% of 43700 = $\frac{6}{100}$ x 43700 = ₹2622

∴ Amount of output GST of retailer:

Output CGST = ₹2622
Output SGST = ₹2622

(i) the marked price of the machine
= ₹46000

(ii) the amount which the consumer pay for the machine
= Cost price of machine for consumer + CGST paid by consumer + SGST paid by consumer
=43700 + 2622 + 2622 = ₹48944

(iii) the amount of tax (under GST) paid by the retailer to the Central Government.
= Output CGST of retailer - Input CGST of retailer
=2622 - 2400 = ₹222

(iv) the amount of tax (under GST) received by the State Government.
= SGST paid by Wholesaler + SGST paid by retailer
= 2400 + 222 = ₹2622

It is a case of intra-state transaction of goods and services:
SGST = CGST = $\frac{1}{2}$ x GST

Given:
Cost Price of article for shopkeeper = ₹12000
Premium percentage by shopkeeper = 25%
Marked price of the T.V by shopkeeper = Cost Price + Premium $$\begin{aligned}= 12000 + \Big(\frac{25}{100}\times12000\Big) \\[0.5em] = 12000 + 3000 \\[0.5em] = ₹15000\end{aligned}$$

As the sales are intra-state and the rate of GST is 12%, so GST comprises of 6% as CGST and 6% as SGST. Manufacturer sells the article to shopkeeper for ₹12000, amount of GST collected by manufacturer from shopkeeper(or paid by shopkeeper)

CGST = 6% of 12000 = $\frac{6}{100}$ x 12000 = ₹720

SGST = 6% of 12000 = $\frac{6}{100}$ x 12000 = ₹720

∴ Amount of Input GST of shopkeeper:

Input CGST = ₹720
Input SGST = ₹720

Since the shopkeeper sells the article to consumer at a discount of 10% on marked price, and further off season discount of 5% on balance, the selling price of article by shopkeeper (or cost price for consumer) = Balance = Marked Price - Discount

$$\begin{aligned}= 15000 - \Big(\frac{10}{100}\times15000\Big) \\[0.5em] = 15000 - 1500 \\[0.5em] = ₹13500\end{aligned}$$

Selling Price by shopkeeper (or cost price for consumer) = Balance Price - Off season discount

$$\begin{aligned}= 13500 - (\frac{5}{100}\times13500) \\[0.5em] = 13500 - 675 \\[0.5em] = ₹12825\end{aligned}$$

The amount of GST collected by shopkeeper (or paid by consumer):

CGST = 6% of 12825 = $\frac{6}{100}$ x 12825 = ₹769.50

SGST = 6% of 12825 = $\frac{6}{100}$ x 12825 = ₹769.50

∴ Amount of output GST of shopkeeper:

Output CGST = ₹769.50
Output SGST = ₹769.50

(i) the price inclusive of tax (under GST) which the consumer pays for the article
= Cost price of article for consumer + CGST paid by consumer + SGST paid by consumer
= 12825 + 769.50 + 769.50 = ₹14364

(ii) the amount of tax (under GST) paid by the shopkeeper to the State Government.
= Output SGST of shopkeeper - Input SGST of shopkeeper
= 769.50 - 720 = ₹49.50

(iii) the amount of tax (under GST) received by the Central Government.
= CGST paid by manufacturer + CGST paid by shopkeeper
= 720 + 49.50 = ₹769.50

Given:
The printed price of article is ₹40000. The rate of GST on sale or purchase of article is 18%. Here both the sales from manufacturer to wholesaler and wholesaler to retailer are inter-state, so IGST is levied on these sales at 18%

(i) As the wholesaler buys the article from a manufacturer at 10% discount on the printed price,

∴ Cost price of the article for the wholesaler:

Cost Price for wholesaler = Printed Price-Discount

$$\begin{aligned}= 40000 - \Big(\frac{10}{100} \times 40000\Big) \\[0.5em] = 40000 - 4000 \\[0.5em] = ₹36000\end{aligned}$$

Amount of IGST collected by manufacturer from wholesaler(or paid by wholesaler to manufacturer)
IGST=18% of 36000 = $\frac{18}{100}$ x 36000 = ₹6480

∴ Amount of Input GST of wholesaler:

Input IGST = ₹6480

The amount inclusive of tax (under GST) which the wholesaler pays for the article:
= Cost price of article for wholesaler + IGST paid by wholesaler
= 36000 + 6480= ₹42480

(ii) As wholesaler sells the article to retailer at 5% above the printed printed price. The selling price of article by wholesaler(or cost price of article for retailer) = Printed Price + Premium

$$\begin{aligned}= 40000 +(\frac{5}{100}\times40000) \\[0.5em] = 40000 + 2000 \\[0.5em] = ₹42000\end{aligned}$$

Amount of IGST collected by wholesaler from retailer(or paid by retailer to wholesaler)
IGST=18% of 42000 = $\frac{18}{100}$ x 42000 = ₹7560

∴ Amount of Output GST of wholesaler:

Output IGST = ₹7560

The amount inclusive of tax (under GST) paid by the retailer for the article:
= Cost price of article for retailer + IGST paid by retailer
= 42000 + 7560= ₹49560

(iii) The amount of tax (under GST) paid by the wholesaler to the Central Government:
= Output IGST of wholesaler - Input IGST of wholesaler
= 7560 - 6480 = ₹1080.

(iv) The amount of tax (under GST) received by the Central Government:
= IGST paid by Manufacturer + IGST paid by wholesaler
= 6480 + 1080 = ₹7560.

(i) As the dealer in Delhi buys the fertiliser for ₹16000 from a wholesaler in Delhi, so this sale is intra-state.
Rate of GST is 5%. So GST comprises of CGST at 2.5% and SGST at 2.5%

CGST collected by the wholesaler = 2.5% of 16000 = $\frac{2.5}{100}$ x 16000 = ₹400

SGST collected by the wholesaler = 2.5% of 16000 = $\frac{2.5}{100}$ x 16000 = ₹400

∴ Amount of tax paid by the wholesaler to the Central and State Governments:

CGST = ₹400 to the Central government and

SGST = ₹400 to the Delhi government

(ii) Selling price of the fertiliser by the dealer to the farmer = Purchase price + Profit

$$\begin{aligned}= 16000 + \Big(\frac{25}{100} \times 16000\Big) \\[0.5em] = 16000 + 4000 \\[0.5em] = \bold{₹20000}\end{aligned}$$

As the dealer sells the fertiliser to a farmer in Rajasthan, so this sale is inter-state.
Rate of GST is 5%. So, on this sale IGST is levied at 5%.

IGST collected by the dealer from the farmer = 5% of 20000 = $\frac{5}{100}$ x 20000 = ₹1000

Input GST of the dealer = CGST + SGST = ₹400 + ₹400 = ₹800

Output GST of the dealer = IGST = ₹1000

Net tax liability of the dealer = Output GST - Input GST
= ₹1000 - ₹800 = ₹200

∴ The dealer pays ₹200 IGST to the Central Government.

(iii) The total amount paid by the farmer = Selling price of the fertiliser + GST paid by the farmer
= ₹20000 + IGST collected by the dealer
= ₹20000 + ₹1000
= ₹21000

(i) Given:
The printed price of article is ₹24000. The rate of GST on sale or purchase of article is 15%. Here the sales from wholesaler to shopkeeper is inter-state, so IGST is levied on that sale at 12%.

Amount of IGST collected by wholesaler from shopkeeper(or paid by shopkeeper to wholesaler)
IGST=12% of 24000 = $\frac{12}{100}$ x 24000 = ₹2880

∴ Amount of Input IGST of shopkeeper:

Input IGST = ₹2880

The amount inclusive of tax (under GST) at which the wholesaler bought the article:
= Cost price of article for wholesaler + IGST paid by wholesaler
= 24000 + 2880= ₹26880

(ii) As shopkeeper sells the article to consumer at 15% above the basic cost price. The selling price of article by shopkeeper(or cost price of article for consumer) = Cost Price + Premium

$$\begin{aligned}= 24000 + \Big(\frac{15}{100}\times24000\Big) \\[0.5em] = 24000 + 3600 \\[0.5em] = ₹27600\end{aligned}$$

As the shopkeeper sells the article to consumer in Delhi, so the sale is intra-state

∴ GST will be applied which as CGST at 6% and SGST at 6%.

The amount of GST collected by shopkeeper (or paid by consumer):

CGST = 6% of 27600 = $\frac{6}{100}$ x 27600 = ₹1656

SGST = 6% of 27600 = $\frac{6}{100}$ x 27600 = ₹1656

∴ Amount of Output GST of shopkeeper:

Output CGST = ₹1656
Output SGST = ₹1656

The amount which the consumer pays for the article: = Cost price of article for consumer + CGST paid by consumer + SGST paid by consumer
= 27600 + 1656 + 1656 = ₹30912

(iii) Since the transactions include both IGST and GST we need to apply input GST credit rules:

First set off Input IGST against Output CGST:

Balance Input IGST = Input IGST - Output CGST
= 2880 - 1656 = ₹1224

Then set off Balance Input IGST against output SGST

∴ The amount of tax (under GST) received by the State Government of Delhi:

Output SGST - Balance Input IGST
= 1656 - 1224 = ₹432

(iv) The amount of tax (under GST) received by the Central Government.
= IGST received from wholesaler + CGST received from shopkeeper = 2880 + 0 = ₹2880

(i) As the dealer in Maharashtra buys an article from a wholesaler in Maharashtra, so this sale is intra-state.

Rate of GST is 12%. So GST comprises of CGST at 6% and SGST at 6%.

Printed price of the article = ₹ 20,000

Discount = 20%

Purchase price of the article for the dealer = Printed price - Discount

= ₹ 20,000 - 20% of ₹ 20,000

= ₹ 20,000 - $\frac{20}{100} \times 20000$

= ₹ 20,000 - ₹ 4,000

= ₹ 20,000 - ₹ 4,000

= ₹ 16,000

CGST collected by the wholesaler = 6% of 16000 = $\frac{6}{100}$ x 16000 = ₹ 960

SGST collected by the wholesaler = 6% of 16000 = $\frac{6}{100}$ x 16000 = ₹ 960.

Hence, tax paid by the wholesaler to the government is CGST = ₹ 960 and SGST = ₹ 960.

(ii) The dealer sells the article at a discount of 10% on the printed price.

∴ Selling price of the article by the dealer to the consumer = Printed price - Discount

= ₹ 20,000 - 10% of ₹ 20,000

= ₹ 20,000 - $\frac{10}{100} \times 20,000$

= ₹ 20000 - ₹ 2,000

= ₹ 18,000

As the dealer in Maharashtra sells the article to a consumer in Telengana, so this sale is inter-state.

Rate of GST is 12%. So, on this sale IGST is levied at 12%.

IGST collected by the dealer from the consumer = 12% of ₹ 18,000

= $\frac{12}{100}$ x ₹ 18,000

= ₹ 2160.

Input GST of the dealer = CGST + SGST = ₹ 960 + ₹ 960 = ₹ 1,920

Output GST of the dealer = IGST = ₹ 2,160

Net tax liability of the dealer = Output GST - Input GST

= ₹ 2,160 - ₹ 1,920 = ₹ 240

Hence, the dealer pays ₹ 240 IGST to the Central Government.

(iii) The total amount paid by the consumer = Selling price of the article + GST paid by the consumer

= ₹ 18,000 + ₹ 2,160

= ₹ 20,160

Hence, the amount which the consumer pays for the article = ₹ 20,160.

Given:
Rate of GST = 18%
Rebate(or discount) = 10% on Marked Price

Let the marked price be P
Cost price of the article = Marked Price - Discount

$$\begin{aligned}= \text{P} - 10% \text{ of P} \\[1em] = \text{P} - \Big(\frac{10}{100}\Big) \times \text{P} \\[1em] = \Big(\frac{90\text{P}}{100}\Big) \\[1em] =0.9\text{P}\end{aligned}$$

Amount of GST on cost price of article = 18% of 0.9P

Amount paid by Kiran = Cost Price + GST = 5310

$$\begin{aligned}\Rightarrow 0.9\text{P} + \Big(\frac{18}{100}\times0.9\text{P}\Big) = 5310 \\[0.5em] \Rightarrow 0.9\text{P} + 0.162\text{P} = 5310 \\[0.5em] \Rightarrow 1.062\text{P} = 5310 \\[0.5em] \Rightarrow \text{P} = \frac{5310}{1.062} = \bold{₹5000}\end{aligned}$$

Given:
List Price of the Article = ₹8000
Let discount rate be $x$%

Cost price of article for shopkeeper = List Price - Discount

$$\begin{aligned}= 8000 - \Big(\frac{x}{100}\times8000\Big) \\[0.5em] = 8000 - 80x\end{aligned}$$

As the sales are intra-state and the rate of GST is 18%, so GST comprises of 9% as CGST and 9% as SGST. wholesaler sells the article to shopkeeper for $8000 - 80x$, amount of GST collected by wholesaler from shopkeeper(or paid by shopkeeper)

CGST = $9$% of $(8000 - 80x)$ = $\frac{9}{100}\times(8000 - 80x)$ = $(720 - 7.2x)$

SGST = $9$% of $(8000 - 80x)$ = $\frac{9}{100}\times(8000 - 80x)$ = $(720 - 7.2x)$

∴ Amount of Input GST of shopkeeper:

Input CGST = $720 - 7.2x$
Input SGST = $720 - 7.2x$

Cost Price for Consumer = List Price of the article (as given in question) = 8000

The amount of GST collected by shopkeeper (or paid by consumer):

CGST = 9% of 8000 = $\frac{9}{100}$ x 8000 = ₹720

SGST = 9% of 8000 = $\frac{9}{100}$ x 8000 = ₹720

∴ Amount of Output GST of shopkeeper:

Output CGST = ₹720
Output SGST = ₹720

As the shopkeeper pays a tax (under GST) of ₹72 to the State Government:

Tax paid to state government by shopkeeper = Output SGST of shopkeeper - Input SGST of shopkeeper = ₹72

$$\begin{aligned}\Rightarrow 720 - (720 - 7.2x) = 72. \\[0.5em] \Rightarrow 7.2x = 72 \\[0.5em] \Rightarrow x=\frac{72}{7.2} =\bold{10}%\end{aligned}$$

Given:

Cost price for retailer = ₹1500
Profit % of retailer on cost price = 10%

∴ Selling price of the spectacles by retailer (excluding tax) = Cost Price + Profit

$$\begin{aligned}= 1500 + 10% \text{ of } 1500 \\[1em] = 1500 + \Big(\frac{10}{100}\times1500\Big) \\[1em] = 1500 + 150 \\[1em] = \bold{₹1650}\end{aligned}$$

∴ Option 2 is the correct option.

From Question 1:
Selling price of the spectacles for retailer or cost price of the article for consumer = ₹1650

As the sales are intra-state and the rate of GST is 12%, so GST comprises of 6% as CGST and 6% as SGST. Retailer sells the spectacles to consumer for ₹1650, amount of GST collected by retailer from consumer(or paid by consumer):

CGST = 6% of 1650 = $\frac{6}{100}$ x 1650 = ₹99

SGST = 6% of 1650 = $\frac{6}{100}$ x 1650 = ₹99

∴ The Output Tax (under GST) for retailer:
Output CGST = 99
Output SGST = 99

∴ The selling price of the spectacles including tax (under GST) by the retailer is

= Cost price of spectacles for consumer + CGST paid by consumer + SGST paid by consumer
= 1650 + 99 + 99 = ₹1848

∴ Option 3 is the correct option.

Given:

Selling price (excluding tax) for wholesaler = ₹1500

As the sales are intra-state and the rate of GST is 12%, so GST comprises of 6% as CGST and 6% as SGST. Wholesaler sells the spectacles to retailer for ₹1500, amount of GST collected by wholesaler from retailer (or paid by retailer):

CGST = 6% of 1500 = $\frac{6}{100}$ x 1500 = ₹90

SGST = 6% of 1500 = $\frac{6}{100}$ x 1500 = ₹90

∴ The Input Tax(under GST) for retailer:
Input CGST = 90
Input SGST = 90

∴ The tax (under GST) paid by the wholesaler to the Central Government is = CGST = ₹90

∴ Option 1 is the correct option.

From Question 1 and Question 3:

For Retailer:
Input SGST = 90
Output SGST = 99

The tax (under GST) paid by the retailer to the State Government is

Output SGST - Input SGST
= 99 - 90 = ₹9

∴ Option 2 is the correct option.

From Question 3:
The tax (under GST) paid by the wholesaler to the Central Government is = ₹90

From Question 4:
The tax (under GST) paid by the retailer to the State Government is = ₹9

as CGST = SGST
∴ The tax (under GST) paid by the retailer to the Central Government is = ₹9

The tax (under GST) received by the Central Government is
= CGST paid by the wholesaler + CGST paid by the retailer
= 90 + 9 = ₹99

∴ Option 4 is the correct option.

From Question 1:
Selling price of the spectacles for retailer or cost price of the article for consumer = ₹1650

As the sales are intra-state and the rate of GST is 12%, so GST comprises of 6% as CGST and 6% as SGST. Retailer sells the spectacles to consumer for ₹1650, amount of GST collected by retailer from consumer (or paid by consumer):

CGST = 6% of 1650 = $\frac{6}{100}$ x 1650 = ₹99

SGST = 6% of 1650 = $\frac{6}{100}$ x 1650 = ₹99

∴ The cost of spectacles to the consumer including of tax is

= Cost price of spectacles for consumer + CGST paid by consumer + SGST paid by consumer
= $1650 + 99+99=$ ₹$\bold{1848}$

∴ Option 4 is the correct option.

A shopkeeper bought a machine from a distributor at a discount of 25% of the listed price of ₹32000. The shopkeeper sells the machine to a consumer at listed price. If the sales are intra-state and the rate of GST is 18%, then choose the correct answer from the given four options for questions 7 to 11:

Given:
Listed price of machine = ₹32000
Discount given by distributor to shopkeeper = 25% of Listed price $$\begin{aligned}= \Big(\frac{25}{100}\Big) \times 32000 \\[0.5em] = 0.25 \times 32000 \\[0.5em] = ₹8000\end{aligned}$$

Selling price for distributer excluding tax (or cost price for shopkeeper) = Listed Price - Discount
= 32000 - 8000
= ₹24000

As the sales are intra-state and the rate of GST is 18%, so GST comprises of 9% as CGST and 9% as SGST. Distributor sells the machine to shopkeeper for ₹24000, amount of GST collected by distributor from shopkeeper(or paid by shopkeeper):

CGST = 9% of 24000 = $\frac{9}{100}$ x 24000 =₹2160

SGST = 9% of 24000 = $\frac{9}{100}$ x 24000 =₹2160

∴ The Input Tax(under GST) for shopkeeper:
Input CGST = 2160
Input SGST = 2160

∴ The selling price of machine including tax (under GST) by the distributor = Selling Price + CGST + SGST
= 24000 + 2160+2160
= ₹28320

∴ Option 3 is the correct option.

From Question 7:

As the sales are intra-state and the rate of GST is 18%, so GST comprises of 9% as CGST and 9% as SGST. Distributor sells the machine to shopkeeper for ₹24000, amount of SGST collected by distributor from shopkeeper (or paid by shopkeeper):

SGST = 9% of 24000 = $\frac{9}{100}$ x 24000 = ₹2160

∴ Option 2 is the correct option.

Given:

Selling Price of shopkeeper without tax to consumer = Listed Price = ₹32000

As the sales are intra-state and the rate of GST is 18%, so GST comprises of 9% as CGST and 9% as SGST. Shopkeeper sells the machine to consumer for ₹32000, amount of SGST collected by shopkeeper from consumer(or paid by consumer):

SGST = 9% of 32000 = $\frac{9}{100}$ x 32000 = ₹2880

CGST = 9% of 32000 = $\frac{9}{100}$ x 32000 = ₹2880

The Output Tax(under GST) for shopkeeper:
Output CGST = 2880
Output SGST = 2880

From Question 7:

The Input Tax(under GST) for shopkeeper:
Input CGST = 2160
Input SGST = 2160

The tax (under GST) paid by the shopkeeper to the Central Government = Output CGST - Input CGST
= 2880 - 2160
= ₹720

∴ Option 1 is the correct option.

From Question 7:

Amount of tax(under GST) paid by distributor to the State Government = ₹2160

From Question 9L

The tax (under GST) paid by the shopkeeper to the Central Government = ₹720
As CGST = SGST

The tax (under GST) paid by the shopkeeper to the State Government = ₹720

The tax (under GST) received by State Government = SGST paid by distributor + SGST paid by shopkeeper
= 2160 + 720
= ₹2880

∴ Option 4 is the correct option.

Given:

Listed price of machine = ₹32000

Selling price for shopkeeper excluding tax (or cost price for consumer) = Listed Price = ₹32000

As the sales are intra-state and the rate of GST is 18%, so GST comprises of 9% as CGST and 9% as SGST. Shopkeeper sells the machine to consumer for ₹32000, amount of GST collected by shopkeeper from consumer(or paid by consumer):

CGST = 9% of 32000 = $\frac{9}{100} \times$ 32000 = ₹2880

SGST = 9% of 32000 = $\frac{9}{100} \times$ 32000 = ₹2880

∴ The price including tax (under GST) of the machine paid by the consumer is = Cost Price + CGST + SGST
= 32000 + 2880 + 2880
= ₹37760

∴ Option 2 is the correct option.

CGST% = $\frac{CGST}{M.P.} \times 100$

Substituting values we get :

CGST% = $\frac{120}{2000} \times 100$ = 6%

GST% = 2 × CGST% = 2 × 6% = 12%.

Hence, Option 3 is the correct option.

M.P. = ₹ 1200

Discount = 20% = $\frac{20}{100} \times 1200$ = ₹ 240

Price after discount = ₹ 1200 - ₹ 240 = ₹ 960.

GST = 18%

SGST = $\frac{GST}{2} = \frac{18}{2}$ % = 9%

= $\frac{9}{100} \times 960$

= 9 × 9.6

= ₹ 86.40

Hence, Option 4 is the correct option.

Given,

Cost price for dealer = ₹ 1,500

Profit % of dealer on cost price = 10%

∴ Selling price of the article by dealer (excluding tax) = Cost Price + Profit

= 1,500 + 10% of 1,500

= 1,500 + $\frac{10}{100}$ x 1500

= 1,500 + 150

= ₹ 1,650

GST% = 18%

So, assertion (A) is true.

GST is charged on the selling price.

So, reason (R) is false.

Thus, Assertion (A) is true, and Reason (R) is false.

Hence, option 1 is the correct option.

An intra-state transaction occurs when the seller and buyer are located within the same state or union territory.

So, reason (R) is true.

The dealer and the wholesaler are both in Uttar Pradesh. Thus, the transaction is indeed an intra-state transaction.

So, assertion (A) is true and reason (R) clearly explains assertion (A).

Thus, both Assertion (A) and Reason (R) are correct, and Reason (R) is the correct reason for Assertion (A).

Hence, option 3 is the correct option.

Listed Price = ₹ 54,000

As the sales are intra-state and the rate of GST is 18%, so GST comprises of 9% as CGST and 9% as SGST.

So, reason (R) is true.

amount of GST collected by shopkeeper from consumer(or paid by consumer):

CGST = 9% of 54000 = $\frac{9}{100}$ x 54000 = 4860

SGST = 9% of 54000 = $\frac{9}{100}$ x 54000 = 4860

So, assertion (A) is true and reason (R) clearly explains assertion (A).

Thus, both Assertion (A) and Reason (R) are correct, and reason (R) is the correct reason for Assertion (A).

Hence, option 3 is the correct option.

It is a case of intra-state transaction of goods and services:

SGST = CGST = $\frac{1}{2} \times$ GST

Given:
Printed price of the washing machine = ₹18000
Rate of discount for shopkeeper = 20%
Cost Price of washing machine for shopkeeper = Printed Price - Discount

$$\begin{aligned}= 18000 - \Big(\frac{20}{100} \times 18000 \Big) \\[0.5em] = 18000 - 3600 \\[0.5em] = ₹14400\end{aligned}$$

As the sales are intra-state and the rate of GST is 12%, so GST comprises of 6% as CGST and 6% as SGST. Wholesaler sells the washing machine to shopkeeper for ₹14400, amount of GST collected by wholesaler from shopkeeper (or paid by shopkeeper)

CGST = 6% of 14400 = $\frac{6}{100} \times$ 14400 = ₹864

SGST = 6% of 14400 = $\frac{6}{100} \times$ 14400 = ₹864

∴ Amount of Input GST of Shopkeeper:

Input CGST = ₹864
Input SGST = ₹864

Since the shopkeeper sells the article to consumer at a discount of 10% on printed price, the selling price of article by shopkeeper ( or cost price for consumer) = Printed Price - Discount

$$\begin{aligned}= 18000 - \Big(\frac{10}{100}\times18000\Big) \\[0.5em] = 18000 - 1800 \\[0.5em] = ₹16200\end{aligned}$$

The amount of GST collected by shopkeeper (or paid by consumer):

CGST = 6% of 16200 = $\frac{6}{100} \times$ 16200 = ₹972

SGST = 6% of 16200 = $\frac{6}{100} \times$ 16200 = ₹972

∴ Amount of output GST of Shopkeeper:

Output CGST = 972
Output SGST = 972

(i) the price inclusive of tax (under GST) at which the shopkeeper bought the machine
= Cost price of washing machine for Shopkeeper + CGST paid by shopkeeper + SGST paid by shopkeeper
= 14400 + 864 + 864
= ₹16128

(ii) the price which the consumer pays for the machine
= Cost price of washing for consumer + CGST paid by consumer + SGST paid by consumer
= 16200 + 972 + 972
= ₹18144

(iii) the tax (under GST) paid by the wholesaler to the state Government.

Calculated above:

= ₹864.

(iv) the tax (under GST) paid by the shopkeeper to the State Government.
= Output SGST of Shopkeeper - Input SGST of Shopkeeper
= 972 - 864 = ₹108.

(v) the tax (under GST) received by the Central Government.
= CGST paid by Wholesaler + CGST paid by Shopkeeper
= 864 + 108 = ₹972.

It is a case of intra-state transaction of goods and services:

SGST = CGST = $\frac{1}{2} \times$ GST

Given:

Listed Price of article by manufacturer = ₹1600

Discount percentage given by manufacturer to wholesaler = 25%

Cost Price for wholesaler = Listed Price - Discount

$$\begin{aligned}= 1600 - \Big(\frac{25}{100}\times1600\Big) \\[0.5em] = 1600 - 400 \\[0.5em] = ₹1200\end{aligned}$$

As the sales are intra-state and the rate of GST is 5%, so GST comprises of 2.5% as CGST and 2.5% as SGST. Manufacturer sells the article to wholesaler for ₹1200, amount of GST collected by manufacturer from wholesaler(or paid by wholesaler)

CGST = 2.5% of 1200 = $\frac{2.5}{100} \times$ 1200 = ₹30

SGST = 2.5% of 1200 = $\frac{2.5}{100} \times$ 1200 = ₹30

∴ Amount of Input GST of wholesaler:

Input CGST = ₹30
Input SGST = ₹30

Since the wholesaler sells the article to retailer at a discount of 20% on listed price, the selling price of article by wholesaler (or cost price for retailer) = Listed Price - Discount

$$\begin{aligned}= 1600 - \Big(\frac{20}{100}\times 1600\Big) \\[0.5em] = 1600 - 320\\[0.5em] = ₹1280\end{aligned}$$

The amount of GST collected by wholesaler (or paid by retailer):

CGST = 2.5% of 1280 = $\frac{2.5}{100}\times$ 1280 = 32

SGST = 2.5% of 1280 = $\frac{2.5}{100}\times$ 1280 = 32

∴ Amount of output GST of wholesaler(or input GST of retailer):

Output CGST = 32
Output SGST = 32

Since the retailer sells the article to consumer at a discount of 5% on listed price, the selling price of article by retailer (or cost price for consumer) = Listed Price - Discount

$$\begin{aligned}= 1600 - \Big(\frac{5}{100}\times1600\Big) \\[0.5em] = 1600 - 80 \\[0.5em] = ₹1520\end{aligned}$$

The amount of GST collected by retailer (or paid by consumer):

CGST = 2.5% of 1520 = $\frac{2.5}{100} \times$ 1520 = 38

SGST = 2.5% of 1520 = $\frac{2.5}{100} \times$ 1520 = 38

∴ Amount of output GST of retailer:

Output CGST = 38
Output SGST = 38

(i) the price per article inclusive of tax (under GST) which the wholesaler pays.
= Cost price of article for wholesaler + CGST paid by wholesaler + SGST paid by wholesaler
= 1200 + 30 + 30 = ₹1260

(ii) the price per article inclusive of tax (under GST) which the retailer pays.
= Cost price of article for retailer + CGST paid by retailer + SGST paid by retailer
= 1280 + 32 + 32 = ₹1344

(iii) the amount which the consumer pays for the article.
= Cost price of article for consumer + CGST paid by consumer + SGST paid by consumer
=1520 + 38 + 38 = ₹1596

(iv) the tax (under GST) paid by the wholesaler to the State Government for the article.
= Output SGST of wholesaler - Input SGST of wholesaler
= 32 - 30= ₹2

(v) the tax (under GST) paid by the retailer to the Central Government for the article.
= Output CGST of retailer - Input CGST of retailer
= 38 - 32= ₹6

(vi) the tax (under GST) received by the State Government.
= SGST paid by the manufacturer + SGST paid by the wholesaler + SGST paid by the retailer
= 30 + 2 + 6= ₹38

Given:

Rate of GST = 18%

Rebate (or discount) = 10% on Marked Price

Let the marked price be be P

Cost price of the article = Marked Price - Discount

$$\begin{aligned}= \text{P} - 10% \text{ of P} \\[1em] = \text{P} - \Big(\frac{10}{100}\Big) \times \text{P} \\[1em] = \frac{100\text{P} - 10\text{P}}{100} \\[1em] = \frac{90\text{P}}{100} \\[1em] = 0.9\text{P}\end{aligned}$$

Amount of GST on cost price of article = 18% of 0.9P

Amount paid by John = Cost Price + GST = 25488

$$\begin{aligned}\Rightarrow 0.9\text{P}+ \Big(\frac{18}{100}\times0.9\text{P}\Big) = 25488 \\[1em] \Rightarrow 0.9\text{P}+ 0.162\text{P} = 25488 \\[1em] \Rightarrow 1.062\text{P} = 25488 \\[1em] \Rightarrow \text{P} = \frac{25488}{1.062} = \bold{₹24000}\end{aligned}$$

Given:

Marked Price of the article = ₹7500

Let discount rate be $x$%

Cost price of article for shopkeeper = Marked Price - Discount

$$\begin{aligned}= 7500 - \Big(\frac{x}{100}\times7500\Big) \\[1em] = ₹(7500 - 75x)\end{aligned}$$

As the sales are intra-state and the rate of GST is 12%, so GST comprises of 6% as CGST and 6% as SGST. wholesaler sells the article to shopkeeper for $7500 - 75x$, amount of GST collected by wholesaler from shopkeeper(or paid by shopkeeper)

CGST = 6% of $(7500 - 75x) = \Big(\frac{6}{100}\Big)\times(7500 - 75x) = ₹(450 - 4.5x)$

SGST = 6% of $(7500 - 75x) = \Big(\frac{6}{100}\Big)\times(7500 - 75x) = ₹(450 - 4.5x)$

∴ Amount of Input GST of shopkeeper:

Input CGST = $₹(450 - 4.5x)$
Input SGST = $₹(450 - 4.5x)$

Cost Price for Consumer = Marked Price of the article (as given in question) = ₹7500

The amount of GST collected by shopkeeper (or paid by consumer):

CGST = 6% of 7500 = $\frac{6}{100}\times$ 7500 = ₹450

SGST = 6% of 7500 = $\frac{6}{100}\times$ 7500 = ₹450

∴ Amount of Output GST of shopkeeper:

Output CGST = ₹450
Output SGST = ₹450

As the shopkeeper pays a tax (under GST) of ₹90 to the State Government:

Tax paid to state government by shopkeeper = Output SGST of shopkeeper - Input SGST of shopkeeper = ₹90

$$\begin{aligned}\Rightarrow 450 - (450 - 4.5x) = 90 \\[0.5em] \Rightarrow 4.5x = 90 \\[0.5em] \Rightarrow x = \frac{90}{4.5} = 20%\end{aligned}$$

(i) the amount of discount = Rate of discount x Marked Price

$$\begin{aligned}= 20% \text{ of Marked Price} \\[1em] = \Big(\frac{20}{100}\Big) \times 7500 \\[1em] = \bold{₹1500}\end{aligned}$$

(ii) the price inclusive of tax (under GST) of the article which the shopkeeper paid to the wholesaler = Cost price of article for shopkeeper + CGST paid by shopkeeper + SGST paid by shopkeeper

$$\begin{aligned}= (7500 - 75x) + (450 - 4.5x) + (450 - 4.5x) \\[1em] = (7500 - (75\times20)) + (450 - (4.5\times20)) + (450 - (4.5\times20)) \\[1em] = 6000 + 360 + 360 = \bold{₹6720}\end{aligned}$$

Given:

Rate of GST = 12%

Discount for retailer = 15% on Printed Price

Let the printed price be be P

Cost price of the article for retailer = Printed Price - Discount

$$\begin{aligned}= \text{P} - 15% \text{ of P } \\[1em] = \text{P} - \Big(\frac{15}{100}\Big) \times \text{P} \\[1em] = \frac{100\text{P} - 15\text{P}}{100} \\[1em] = \frac{85\text{P}}{100} \\[1em] = 0.85\text{P} \\[1em]\end{aligned}$$

Amount of GST on cost price of article paid by retailer (or collected by the wholesaler)

$$\begin{aligned}= 12% \text{ of } 0.85 \text{P} \\[1em] = \frac{12}{100}\times{0.85\text{P}} \\[1em] = 0.102\text{P}\end{aligned}$$

Since the retailer marks the price at 10% premium on printed price = Marked Price = Printed Price + Premium

$$\begin{aligned}= \text{P} + 10% \text{ of P} \\[1em] = \text{P} + \Big(\frac{10}{100} \times P\Big) \\[1em] = \frac{\text{100P} + \text{10P}}{100} \\[1em] = \frac{110\text{P}}{100} \\[1em] = 1.1\text{P}\end{aligned}$$

Discount given by retailer on marked price to the buyer = 5%

$$\begin{aligned}= 5% \text{ of Marked Price} \\[1em] = 5% \text{ of } 1.1\text{P} \\[1em] = \frac{5}{100}\times{1.1\text{P}} \\[1em] = \frac{5.5\text{P}}{100} \\[1em] = 0.055\text{P}\end{aligned}$$

Cost Price of the article for the buyer = Marked Price- Discount

$$\begin{aligned}= 1.1\text{P} - 0.055\text{P} \\[1em] = 1.045\text{P}\end{aligned}$$

Amount of GST on cost price of article paid by buyer (or collected by the retailer)

$$\begin{aligned}= 12% \text{ of } 1.045\text{P} \\[1em] = \frac{12}{100}\times{1.045\text{P}} \\[1em] = 0.1254\text{P}\end{aligned}$$

(i) The printed price of the article.

Amount paid by buyer for the article = Cost Price + GST = 468.16

$$\begin{aligned}\Rightarrow 1.045\text{P} + 0.1254\text{P} = 468.16 \\[1em] \Rightarrow 1.1704\text{P} = 468.16 \\[1em] \Rightarrow \text{P} = \frac{468.16}{1.1704} = \bold{₹400}\end{aligned}$$

(ii) The profit percentage of the retailer.

Cost Price of the article for the buyer = 1.045P = 1.045 x 400 = ₹418

Cost Price of the article for the retailer = 0.85P = 0.85 x 400 = ₹340

Profit of the retailer = Selling Price of the article for the retailer (or cost price of buyer) - Cost price of the article for the retailer
= 418 - 340 = ₹78

Profit % of the retailer $$\begin{aligned}= \frac{\text{Profit}}{\text{Cost}}\times{100} \\[1em] = \frac{78}{340}\times{100} \\[1em] = \frac{390}{17} \\[1em] = \bold{22\frac{16}{17}}%\end{aligned}$$

(a) By formula,

GST on an article = (Price of item - Discount) × Rate of GST

GST on hair oil = (1200 - 100) × 18%

= 1100 × $\frac{18}{100}$

= 11 × 18

= ₹ 198.

GST on cashew nuts = (600 - 0) × 12%

= 600 × $\frac{12}{100}$

= 6 × 12

= ₹ 72.

Total GST paid = ₹ 198 + ₹ 72 = ₹ 270.

Hence, total GST paid = ₹ 270.

(b) Total bill amount including GST = Total cost price + Total GST paid

= [(₹ 1200 - ₹ 100) + ₹ 600] + ₹ 270

= ₹ 1100 + ₹ 600 + ₹ 270

= ₹ 1970.

Hence, total bill amount = ₹ 1970.

For LED TV set,

M.P. = ₹ 12,000

G.S.T. = 28%

G.S.T. amount = 28% of ₹ 12,000

= $\frac{28}{100} \times 12,000$

= 28 × 120

= ₹ 3360.

Total amount = ₹ 12,000 + ₹ 3360 = ₹ 15,360.

For MP4 player,

M.P. = ₹ 5,000

G.S.T. = 18%

G.S.T. amount = 18% of ₹ 5,000

= $\frac{18}{100} \times 5,000$

= 18 × 50

= ₹ 900.

Total amount = ₹ 5,000 + ₹ 900 = ₹ 5900.

Total bill = ₹ 15,360 + ₹ 5,900 = ₹ 21,260.

Hence, total bill = ₹ 21,260.

For Dry fruits :

M.P. = ₹ 1200

Discount = ₹ 100

Discounted price = ₹ 1200 - ₹ 100 = ₹ 1100

GST = 12%

Tax = $\frac{12}{100} \times 1100$ = ₹ 132

Price including tax = ₹ 1100 + ₹ 132 = ₹ 1232.

For Wheat flour :

M.P. = ₹ 286

Discount = Nil

GST = 5%

Tax = $\frac{5}{100} \times 286$ = ₹ 14.30

Price including tax = ₹ 286 + ₹ 14.30 = 300.30

For bakery products :

M.P. = ₹ 500

Discount = 10% = $\frac{10}{100} \times 500$ = ₹ 50.

Discounted price = ₹ 500 - ₹ 50 = ₹ 450

GST = 12%

Tax = $\frac{12}{100} \times 450$ = ₹ 54

Price including tax = ₹ 450 + ₹ 54 = ₹ 504.

Total price = ₹ 1232 + ₹ 300.30 + ₹ 504 = ₹ 2036.30

Hence, total amount to be paid = ₹ 2036.30