Question

at a loss of 5%? 10. A wholesaler sells a washing machine for Rs. 67,000 was sold to the retail shop with 13% value added tax. The retail shop charges Rs. 3,000, local tax Rs. 550 and Rs.5,000 with profit, if it is delivered to the consumer's home, how much will the consumer pay for value added tax at the current rate? Find out.​

Answer 1

The consumer pay for value-added tax at the current rate is ₹17160.

It is a case of intra-state transactions of goods and services.

SGST = CGST = ½ GST

Given:

CP of washing machine for wholesaler = ₹15000

Rate of GST = 12%

Amount of GST paid by wholesaler to manufacturer,

CGST = SGST = 6% of ₹15000

= (6/100) × 15000

= ₹900

SP of washing machine by wholesaler to trader = CP + profit

= ₹15000 + ₹1200

= ₹16200

Amount of GST paid by trader to wholesaler,

CGST = SGST = 6% of ₹16200

= (6/100) × 16200

= ₹972

(i) The amount of tax (under GST) received by the State Government from the

wholesaler.

₹972 - ₹900 = ₹72

(ii) The amount of tax (under GST) received by the Central Government from the trader.

SP of washing machine for trader to consumer = CP of washing machine + profit

= ₹16200 + ₹1800

= ₹18000

Amount of GST paid by the consumer to trader,

CGST = SGST = 6% of ₹18000

= (6/100) × 18000

= ₹1080

Amount of GST received by the Central Government from the trader = ₹1080 - ₹972

= ₹108

(iii) The amount that the consumer pays for the machine.

CP of washing machine for consumer + CGST paid by consumer + SGST paid by

consumer = ₹15000 + ₹1080 + ₹1080 = ₹17160

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