CameraIcon

SearchIcon

MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

GST in Trading Chain

A dealer in J...

Question

A dealer in Jaipur supplies a TV worth ₹10,000 to a dealer in Udaipur. The dealer in Udaipur supplies the same TV to a dealer in Delhi at a profit of ₹6,000. Assuming that the dealer in Delhi is the end-user of the product and the rate of GST is 12%, find:

(i) Input tax for the dealer in Udaipur

[1 Mark ]

A

₹600

No worries! We‘ve got your back. Try BYJU‘S free classes today!

B

₹1,200

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

C

₹1,600

No worries! We‘ve got your back. Try BYJU‘S free classes today!

D

₹1,920

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is B ₹1,200
Since the TV is supplied from Jaipur to Udaipur, it is a case of intra-state transaction.
Given,
SP for dealer in Jaipur = ₹10,000
CGST = 6% of ₹10,000 = ₹600
SGST = 6% of ₹10,000 = ₹600
∴ Input tax (GST) for the dealer in Udaipur = ₹600 + ₹600 = ₹1,200

Suggest Corrections

thumbs-up

0

Similar questions

Q. A dealer in Jaipur supplies a TV worth ₹10,000 to a dealer in Udaipur. The dealer in Udaipur supplies the same TV to a dealer in Delhi at a profit of ₹6,000. Assuming that the dealer in Delhi is the end-user of the product and the rate of GST is 12%, find:

(ii) Output tax for the dealer in Udaipur

[1 Mark]

Q. A dealer in Jaipur supplies a TV worth ₹10,000 to a dealer in Udaipur. The dealer in Udaipur supplies the same TV to a dealer in Delhi at a profit of ₹6,000. Assuming that the dealer in Delhi is the end-user of the product and the rate of GST is 12%, find:

(iv) Total CP for the dealer in Delhi

[1 Mark ]

Q. A dealer in Jaipur supplies a TV worth ₹10,000 to a dealer in Udaipur. The dealer in Udaipur supplies the same TV to a dealer in Delhi at a profit of ₹6,000. Assuming that the dealer in Delhi is the end-user of the product and the rate of GST is 12%, find:

(iii) Net GST payable by the dealer in Udaipur

[1 mark]

Q. A dealer in Chennai(TN) sells goods to a dealer in Bengaluru for ₹35000. The dealer in Bengaluru(Karnataka) makes a profit of ₹5000 on these goods and sells it to a dealer in Jaipur (Rajasthan). If the rate of GST at each stage is 18%, find the Net Tax liability of the dealer in Bengaluru.

Q. A dealer A in Jharkhand buys an article for ₹1100 from a dealer B in Haryana. A sells this article for ₹1200 to a dealer C in the same state. If the rate of GST at each stage is 18%, find the price(including GST) paid by the dealer A.

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

GST in trading chain

MATHEMATICS

Watch in App

explore_more_icon

Explore more

GST in Trading Chain

Standard X Mathematics

Join BYJU'S Learning Program

CrossIcon