According to ques,:
(i) The price inclusive of tax,
at which the wholesaler bought the article.
CP of an article for shopkeeper is:
Rate of GST = 12%
IGST collected by wholesaler from shopkeeper
or,
The price inclusive of tax ,
at which the wholesaler bought the article :
=CP of article for shopkeeper
+ IGST paid by shopkeeper to wholesaler
(ii) The amount which the consumer pays for the article.
CP of an article for shopkeeper :
Profit on CP of article :
SP of an article by the shopkeeper to consumer :
or,
or,
The amount which the consumer pays for the article:
= CP of article for consumer
+ CGST paid by the consumer
+ SGST paid by consumer
or,
(iii) The amount of tax ,
received by the State Government of Delhi.
Amount of IGST for shopkeeper :
SP of an article to consumer
= CP of article for shopkeeper + profit on basic CP
or,
As the shopkeeper sells an article to consumer in Delhi;
Hence,
this sales is Intra-state sales.
Amount of GST collected by shopkeeper from consumer,
Amount of tax paid by shopkeeper to state govt.:
The amount of tax ,
received by the State Government of Delhi :
(iv) The amount of tax ,
received by the Central Government.:
that is,
The amount of tax ,
received by the Central Government :
= IGST received from wholesaler +
CGST received from shopkeeper