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).

₹3560

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

₹3120

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

₹3400

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

₹3240

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

Open in App

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

Suggest Corrections

Similar questions

Q. 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).

Q. Romeo, Akbar and Walter live in the same city. Romeo sells an article to Akbar marked at ₹5000. Akbar sells the same article to Walter at a profit of ₹400 for consumption. If all the transactions are under a GST of 18% find the total tax received by the Central government(CGST).

The printed price of a bicycle is $₹ 60000$ . The manufacturer allows a discount of $25 %$ to a dealer Sanjeev. The dealer Sanjeev sells the article to another dealer Mohit at a discount of $12 %$ on the marked price. The dealer Mohit sells it to a consumer at $5 %$ above the printed price. If all the sales are intrastate and the rate of GST is $18 %$ , find
(i) the price of the bicycle inclusive of tax (under GST) paid by dealer Sanjeev.
(ii) the price of the bicycle inclusive of tax (under GST) paid by dealer Mohit.
(iii) the amount in which the consumer pays for the bicycle.
(iv) the amount of tax (under GST) paid by dealer Sanjeev to the Central Government.
(v) the amount of tax (under GST) paid by dealer Mohit to the State Government.
(vi) the amount of tax (under GST) received by the Central Government.

Q. Riya, Amrith and Rajveer live in the same city. Riya sells an article to Amrith for ₹50000. Amrith sells the same article to Rajveer at a profit of ₹4000. If all the transactions are under a GST of 18% ,find the net SGST liability of Amrith.

Q. Mohan, Amrith and Rajveer live in the same city. Mohan sells an article to Amrith for ₹5000. Amrith sells the same article to Rajveer at a profit of ₹400. If all the transactions are under a GST of 12% ,find the SGST paid by Amrith.

Join BYJU'S Learning Program