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A dealer supplied electrical items worth 1700000 in interstate transactions and worth another300000 in transactions within the state. The total value of his receipts of goods in interestatetransactions was 1500000. If the rate of GST is 18%, calculate the net IGST, CGST andSGST payable by the dealer. |
Answer» Net IGST to be Paid = Rs 36000 , CGST = Rs 27000, SGST = Rs 27000Step-by-step explanation: The total value of his receipts of goods in interestate transactions was 1500000 IGST Paid = (18/100) 1500000 = Rs 2,70,000 Dealer supplied electrical ITEMS WORTH 1700000 in interstate transactions IGST received = (18/100) 1700000 = Rs 3,06,000 IGST to be paid = 3,06,000 - 2,70,000 = Rs 36,000 Dealer supplied electrical items worth 300000 With in State CGST = SGST = 18/2 = 9 % received CGST = SGST = (9/100) * 300000 = Rs 27000 Net IGST to be Paid = Rs 36000 Net CGST to be Paid = Rs 27000 Net SGST to be paid = Rs 27000 Learn more: a toy is PURCHASED at rs. 1320 including 5%SGST and 5% CGST. the ... The marked price of an article is 9000 and rate of GST is 18%. A ... the tax invoice of War telecom SERVICE in Meerut shows cost of ... |
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