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ICSE Class 10 Answered

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Asked by 16032 | 11 May, 2023, 21:00: PM
answered-by-expert Expert Answer
SP of an article = Rs. 4500
GST = 5% of Rs. 4500 = Rs. 225 = GST received by retailer
GST paid by retailer = Rs. 60
Therefore, GST = GST received by retailer - GST paid by retailer = Rs. 225 - Rs. 60 = Rs. 165
Let the wholesaler sale article to retailer for Rs. y.
Then, GST = 5% of y 5 over 100 y equals y over 20
Now,
GST charged by wholesaler to retailer = Input tax credit
rightwards double arrow y over 20 equals 165 rightwards double arrow y equals R s. space 3300
Answered by Rashmi Khot | 12 May, 2023, 10:53: AM

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