Question

Anna Patil supplied vacuum cleaner to a shopkeeper in Vasai for the taxable value of Rs$14,000$ and $GST$ rate of $28\%$.Shopkeeper sold it to the customer at the same $GST$ rate for Rs.$16,800$(taxable value).Find the following:

$\left(1\right)$Amount of $CGST$ and $SGST$ shown in the tax invoice issued by Anna Patil.

$\left(2\right)$Amount of $CGST$ and $SGST$ charged by the shopkeeper in Vasai.

Answer 1

$\left(1\right)$Output tax of Anna patil$=28\%$ of Rs.$14,000=\frac{28}{100}\times 14000=$Rs.$3920$

$\therefore CGST$ in tax invoice of Anna Patil$=SGST$ in tax invoice of Anna Patil$=\frac{OutputtaxofAnnapatil}{2}=\frac{3920}{2}=$Rs.$1960$

Thus, the amount of $CGST$ and $SGST$ shown in the tax invoice issued by Anna Patil is Rs.$1960$

$\left(2\right)$Input tax credit of shopkeeper in Vasai$=28\%$ of Rs.$14,000=\frac{28}{100}\times 14000=$Rs.$3,920$

Output tax of shopkeeper in Vasai$=28\%$ of Rs.$16,800=\frac{28}{100}\times 16800=$Rs.$4,704$

$\therefore CGST$ in tax invoice of shopkeeper in Vasai$=SGST$ in tax invoice of shopkeeper in Vasai$=\frac{OutputtaxofshopkeeperinVasai}{2}=\frac{4704}{2}=$Rs.$2,352$

Thus, the amount of $CGST$ and $SGST$ charged by the shopkeeper in Vasai is Rs.$2,352$