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.

₹268

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

₹314

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

₹480

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

₹360

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

Open in App

Solution

The correct option is D ₹360
Rate of GST = 18%
So, SGST = CGST = $\frac{18}{2}$ = 9%
Net Tax liability of Amrith to the State Government(SGST) = SGST on Output - SGST on Input Credit (ITC)
= 9% of ₹54000 - 9% of ₹50000
= 9% of ₹4000 = ₹360

Suggest Corrections

Similar questions

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.

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).

Q. The Marked Price of an article is ₹50000. A wholeseller sells it to a dealer at 10% discount. The dealer further sells it to a customer at 20% profit. If the rate of GST at each stage is 18%, find the net tax liability of the dealer to the Government.

The marked price of an article is ₹9000 and rate of GST on it is 18%. A shopkeeper buys this article at a reduced price and sells it at its marked price.
If the shopkeeper pays ₹162 as CGST to the government as part of his net tax liability, find the amount (excluding GST) paid (in ₹) by the shopkeeper for the article.

Join BYJU'S Learning Program

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.

The correct option is D ₹360Rate of GST = 18% So, SGST = CGST = 182 = 9% Net Tax liability of Amrith to the State Government(SGST) = SGST on Output - SGST on Input Credit (ITC) = 9% of ₹54000 - 9% of ₹50000 = 9% of ₹4000 = ₹360

The correct option is D ₹360
Rate of GST = 18%
So, SGST = CGST = $\frac{18}{2}$ = 9%
Net Tax liability of Amrith to the State Government(SGST) = SGST on Output - SGST on Input Credit (ITC)
= 9% of ₹54000 - 9% of ₹50000
= 9% of ₹4000 = ₹360