Goods/services are sold from Kota (Rajasthan) to Mumbai for Rs. 20,000 and then from Mumbai to Pune. If the rate of GST is 12% and the profit made at Mumbai is Rs. 5000; find the net GST paid at Pune, if the dealer at Pune is the end-user?

ICSE Class 10 Answered

Asked by varma.renu9481 | 09 Mar, 2023, 11:16: AM

Expert Answer

For the dealer in Mumbai (inter-state transaction)

CP = Rs. 20000

ISGT = 12% of 20000 = Rs. 2400

Profit made = Rs. 5000

So, selling price = Rs. 25,000

For dealer in Pune (intra-state transaction)

CP = Rs. 25000

CGST = 6% of 25000 = Rs. 1500

Thus, the GST payable by the end user at Pune is Rs. 3000.

Answered by Renu Varma | 09 Mar, 2023, 12:04: PM

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