Thanks to visit codestin.com
Credit goes to www.scribd.com

Scribd
Upload
165 views20 pages

Lect03 - GST Numericals (Cont)

The document contains solutions to multiple GST calculation problems: 1) It calculates the net GST paid by a manufacturer with an input GST of 5% on Rs. 4000 and output GST of 30% on Rs. 4000 * 1.3. 2) It calculates the CGST and SGST paid on an intra-state sale within the same city with a GST rate of 12% on a sale price of Rs. 3850. 3) It calculates the CGST, SGST, and IGST paid on an intra-state and subsequent inter-state sale, applying GST rates and calculating taxes paid at each stage. 4) It provides additional GST calculation exercises

Uploaded by

abdulraqeeb alareqi
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
165 views20 pages

Lect03 - GST Numericals (Cont)

The document contains solutions to multiple GST calculation problems: 1) It calculates the net GST paid by a manufacturer with an input GST of 5% on Rs. 4000 and output GST of 30% on Rs. 4000 * 1.3. 2) It calculates the CGST and SGST paid on an intra-state sale within the same city with a GST rate of 12% on a sale price of Rs. 3850. 3) It calculates the CGST, SGST, and IGST paid on an intra-state and subsequent inter-state sale, applying GST rates and calculating taxes paid at each stage. 4) It provides additional GST calculation exercises

Uploaded by

abdulraqeeb alareqi
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 20

Solution:

Input GST of manufacturer @ 5% on ₹ 4000


= ₹ 200
Output GST of manufacturer @ 30% on ₹
4000x1.30
= 5,200x0.12= 624
Net GST paid by the manufacturer
= output GST – Input GST= 624-200
= ₹ 424 (Answer)
Solution:
Marked price = ₹ 3,500
Sale price = 3,500x1.10= ₹ 3,850
As the sale is within the same city so this is an example of
intra-state sale
Therefore, IGST = Nil
(Integrated goods and services tax (IGST) mean the
tax levied under IGST Act on the supply of any goods
and / or services in the course of inter-state trade)
GST= 12%
CGST = 6% on 3,850= ₹ 231 paid to the Central Government
SCST = 6% on 3,850= ₹ 231 paid to the State Government
Solution:
As the dealer in UP buys the article from the wholesaler of UP, so this is the case of
intra-state sale.
The rate of GST is 12% therefore,
GST paid by the wholesaler (as CGST after collecting from the dealer) to the Central
Government =6% on 30,000= ₹ 1,800 (Answer)
GST paid by the wholesaler (as SGST after collecting from the dealer) to the State
Government = 6% on ₹ 30,000= ₹ 1,800 (Answer)
Selling of the article by dealer to the consumer in Gujrat is an example of inter-state
sale.
The rate of GST 12%, therefore, the IGST would be @12% on the sale price of article
which is as= 30,000 plus 8% profit = 30,000x1.08= ₹ 32,400
IGST collected by the dealer form the consumer= 12% on 32,400=₹ 3,888
Tax paid by the dealer to the central government =
Output GST – input GST = 3,888-(1800+1800) = ₹ 288 (Answer)
The amount which the consumer pays for the article
= C. P. to the consumer plus IGST paid by the consumer
= 32,400+3,888= 36,288 (Answer)
(Cont…)
Some Additional
Exercises

You might also like