ICSE Class 10 Answered
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?
Asked by varma.renu9481 | 09 Mar, 2023, 11:16: AM
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
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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