Question

A wholesaler purchased electric goods for the taxable amount of Rs.1,50,000. He sold it to the retailer for the taxable amount of Rs. 1,80,000. Retailer sold it to the customer for the taxable amount of Rs. 2,20,000. Rate of GST is 18%. Show the computation of GST in tax invoices of sales. Also find the payable CGST and payable SGSt for wholesaler and retailer.

Answer 1

Rate of $GST=18\%$

Input tax of whole sale $=18\%$ of $150000$

$=\frac{18}{100}\times =Rs27000$

Out put tax $=18\%$ of $180000$

$=\frac{18}{100}\times 180000=Rs32100$

out put tax (xetailer) $=18\%$ of $220000$

$=\frac{18}{100}\times 220000=Rs39600$

$\Rightarrow GST$ in tax in various of retailer

$GST$ (in retailer )$=GST$ (retailer)

$=\frac{outputtax\left(retailer\right)}{2}$

$=\frac{39600}{2}=Rs.19800$

$GST$ payable by wholesales $=$

output tax (wholesale)-input (wholesale)

$=Rs32400-Rs27000=Rs5400$

Rate of $GST=18\%$

input tax wholesale $=18\%$ of $15000$

$=\frac{18}{100}\times 150000=Rs27000$

output tax=18\%$of$180000$

$=\frac{18}{100}\times 180000=Rs32100$

output tax (retailer)$=18\%$ of $22000$

$=\frac{18}{100}\times 2200000=Rs39600$

$\Rightarrow GST$ in tax variousof retailer

$GST$ (in retailer) $=GST$ (retailer)

$=\frac{outputtax\left(retailer\right)}{2}$

$=\frac{39600}{2}=Rs19800$

$GST$ payable by wholesale

output tax (whole sale) -input (whole sale)

$=Rs32400-Rs27000=Rs5400$