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SGST and CGST

Mohit, Akbar ...

Question

Mohit, Akbar and Rajeev live in the same city. Mohit sells an article to Akbar marked at ₹50000. Akbar sells the same article to Rajeev at a profit of ₹4000 for consumption. If all the transactions are under a GST of 12%, find the total tax received by the Central government(CGST).

A

₹3560

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B

₹3120

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C

₹3400

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D

₹3240

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Solution

The correct option is D ₹3240
Rate of GST = 12%

So, SGST = CGST = 6%

CGST = CGST paid by Mohit + CGST paid by Akbar

CGST paid by Mohit = 6% of ₹50000 = ₹3000

CGST paid by Akbar = CGST collected by Akbar - CGST paid by Akbar

= 6% of ₹54000 - (6% of ₹50000)

= ₹240

So, total CGST paid = ₹3000 + ₹240 = ₹3240

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