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ICSE Class 10 Answered

A shopkeeper bought an air conditioner at a discount of 20% from a wholesaler, the printed price of the air conditioner being Rs 28000. The shopkeeper sells it to a consumer at a discount of 10% on the printed price .If the GST rate is 18% ,find (i) the CGST and SGST payable by the shopkeeper to the government (ii) the total amount paid by the consumer for the air conditioner
Asked by bejibickey8482.10sdatl | 19 Apr, 2020, 06:52: PM
Expert Answer
GST = 18%
CGST = SGST = 1/2 GST = 1/2 x 18% = 9%
Markes price of a air conditioner = Rs. 28000
Discount = 20% of 28,000 = Rs. 5,600
S.P. of the air conditioner for wholesaler = Rs. 28,000 - Discount = 28,000 - 5,600 = Rs. 22,400
CGST = 9% of Rs. 22,400 = 9/100 x 22,400 = Rs. 2016
and SGST = 9% of Rs. 22,400 = Rs. 2016
The shopkeeper sells it to a consumer at a discount of 10% on the printed price.
Therefore, S.P. of the machine for shopkeeper = Rs. 28,000 - 10% of 28000 = 28000 - 2800 = Rs. 25200
Therefore, CGST = 9% of 25200 = 9/100 x 25200 = Rs. 2268
and SGST = 9% of 25200 = Rs. 2268
(i)
CGST payable by the shopkeeper to the government = Output CGST - Input CGST = 2268 - 2016 = Rs. 252
and SGST payable by the shopkeeper to the government = Output SGST - Input SGST = 2268 - 2016 = Rs. 252
(ii)
Total amount paid by the retailer = S.P. of the machine + CGST + SGST = 25200 + 2268 + 2268 = Rs. 29736
Answered by Renu Varma | 22 Apr, 2020, 10:37: AM

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