A is a dealer in Banaras (U.P.). he supplies goods/services worth Rs. 8000 to a dealer B in Agra (U.P.). Dealer B, in turn, supplies the same goods/services to dealer C in Patna (Bihar) at a profit of Rs. 1200. Find the input and output taxes for the dealer C under GST system; if the rate of GST is 18% and C does not sell his goods/services further.

Home » A is a dealer in Banaras (U.P.). he supplies goods/services worth Rs. 8000 to a dealer B in Agra (U.P.). Dealer B, in turn, supplies the same goods/services to dealer C in Patna (Bihar) at a profit of Rs. 1200. Find the input and output taxes for the dealer C under GST system; if the rate of GST is 18% and C does not sell his goods/services further.

Class 10 | Exercise 1(B) | Gst Goods And Services Tax | ICSE | Selina

A is a dealer in Banaras (U.P.). he supplies goods/services worth Rs. 8000 to a dealer B in Agra (U.P.). Dealer B, in turn, supplies the same goods/services to dealer C in Patna (Bihar) at a profit of Rs. 1200. Find the input and output taxes for the dealer C under GST system; if the rate of GST is 18% and C does not sell his goods/services further.

From the inquiry,

For the seller A (intra-state exchange)

$SP\text{ }=\text{ }Rs.\text{ }8,000$

For the seller B (intra-state exchange)

$\begin{array}{*{35}{l}} CP\text{ }=\text{ }Rs.\text{ }8,000 \\ CGST\text{ }=\text{ }9percent\text{ }of\text{ }8,000\text{ }=\text{ }Rs.\text{ }720 \\ SGST\text{ }=\text{ }9percent\text{ }of\text{ }8,000\text{ }=\text{ }Rs.\text{ }720 \\ Given\text{ }benefit\text{ }=\text{ }Rs.\text{ }1,200 \\ SP\text{ }=\text{ }Rs.\text{ }9,200 \\ \end{array}$

For the seller C (between state exchange)

$\begin{array}{*{35}{l}} CP\text{ }=\text{ }Rs.\text{ }9,200 \\ IGST\text{ }=\text{ }18\text{ }percent\text{ }of\text{ }Rs.\text{ }9,200\text{ }=\text{ }18/100\text{ }x\text{ }9200\text{ }=\text{ }Rs\text{ }1656 \\ \end{array}$

Information Tax

$=\text{ }Rs.\text{ }1,656$

As the seller in Patna doesn’t sell the item.

In this way, the yield GST (charge marked down)

$=\text{ }Rs.\text{ }0$

i

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