A dealer X in Hapur (U.P.) supplies goods/services, worth Rs. 50,000 to some other dealer Y in the same city. Now the dealer Y supplies the same goods/services to dealer Z in Calcutta at a profit of Rs. 20,000. Find: (i) Output and input taxes for the dealer Y (ii) Net GST payable by dealer Y. [The rate of GST at each stage is 28%]

From the inquiry, we have

For the vendor

$X$

(intra-state exchange)

The

$SP\text{ }=\text{ }Rs.\text{ }50,000$

For the vendor

$Y$

(intra-state exchange)

$\begin{array}{*{35}{l}} CP\text{ }=\text{ }Rs.\text{ }50,000 \\ CGST\text{ }=\text{ }14percent\text{ }of\text{ }50,000\text{ }=\text{ }Rs.\text{ }7,000 \\ SGST\text{ }=\text{ }14percent\text{ }of\text{ }50,000\text{ }=\text{ }Rs.\text{ }7,000 \\ \end{array}$

In this way, the information charge for seller

$Y\text{ }=\text{ }Rs.\text{ }14,000$

$\begin{array}{*{35}{l}} Benefit\text{ }=\text{ }Rs.\text{ }20,000 \\ SP\text{ }=\text{ }Rs.\text{ }70,000 \\ \end{array}$

For the vendor Z (between state exchange)

$\begin{array}{*{35}{l}} CP\text{ }=\text{ }Rs.\text{ }70,000 \\ IGST\text{ }=\text{ }28\text{ }%\text{ }of\text{ }Rs.\text{ }70,000\text{ }=\text{ }28/100\text{ }x\text{ }70,000\text{ }=\text{ }Rs.\text{ }19,600 \\ \end{array}$

Hence, the information charge

$=\text{ }Rs.\text{ }19,600$

which turns into the yield charge for vendor

$Y.$

Presently,

The net GST payable for

$Y$

will be

$\begin{array}{*{35}{l}} =\text{ }Output\text{ }charge\text{ }for\text{ }Y\text{ }-\text{ }Input\text{ }charge\text{ }for\text{ }Y \\ =\text{ }19,600\text{ }-\text{ }14,000 \\ =\text{ }Rs.\text{ }5600 \\ \end{array}$

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