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.

Solution

## Rate of GST is 18%. (1)  Input tax credit of wholesaler = 18% of Rs 1,50,000 = $\frac{18}{100}×150000$ = Rs 27,000 Output tax of wholesaler = 18% of Rs 1,80,000 = $\frac{18}{100}×180000$ = Rs 32,400 GST in tax invoice of wholesaler: CGST in tax invoice of wholesaler = SGST in tax invoice of wholesaler =  = Rs 16,200 Input tax credit of retailer = 18% of Rs 1,80,000 = $\frac{18}{100}×180000$ = Rs 32,400 Output tax of retailer = 18% of Rs 2,20,000 = $\frac{18}{100}×220000$ = Rs 39,600 ​GST in tax invoice of retailer: CGST in tax invoice of retailer = SGST in tax invoice of retailer =  = Rs 19,800 (2)  GST payable by wholesaler = Output tax of wholesaler − Input tax credit of wholesaler = Rs 32,400 − Rs 27,000 = Rs 5,400 CGST payable by wholesaler = SGST payable by wholesaler =  = Rs 2,700 GST payable by retailer = Output tax of retailer − Input tax credit of retailer = Rs 39,600 − Rs 32,400 = Rs 7,200 CGST payable by retailer = SGST payable by retailer =  = Rs 3,600MathematicsMathematics Part - I (Solutions)Standard X

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