Q8 of 55 Page 109

A wholesaler purchased electric goods for the taxable amount of Rs. 1,50,000. He sold it to the retailer for the taxable amount of Rs. 1,80,000. Retailer sold it to the customer for the taxable amount of Rs. 2,20,000. Rate of GST is 18%. Show the computation of GST in tax invoices of sales. Also find the payable CGST and payable SGST for wholesaler and retailer.

Purchase price of wholesaler = Rs. 1,50,000


Purchase price of retailer = Rs. 1,80,000


Purchase price of customer = Rs. 2,20,000


Rate of GST = 18%


Manufacturer’s Tax invoice:


Total GST =


Amount of CGST showed in the invoice of Manufacturer =


Amount of SGST showed in the invoice of Manufacturer =


Wholesaler’s Tax invoice:


Total GST =


(1) Amount of CGST showed in the invoice of Wholesaler =


Amount of SGST showed in the invoice of Wholesaler =


Retailer’s Tax invoice:


Total GST =


Amount of CGST showed in the invoice of Retailer =


Amount of SGST showed in the invoice of Retailer =


(2) CGST payable by wholesaler = (16200-13500) = Rs. 2700


SGST payable by wholesaler = (16200-13500) = Rs. 2700


CGST payable by retailer = (19800-16200) = Rs. 3600


SGST payable by retailer = (19800-16200) = Rs. 3600


More from this chapter

All 55 →
6

A company provided Z-security services for the taxable value of Rs. 64,500. Rate of GST is 18%. Company had paid GST of Rs. 1550 for laundry services and uniforms etc. What is the amount of ITC (input Tax Credit)? Find the amount of CGST and SGST payable by the company.

 7

A dealer supplied Walky-Talky set of Rs. 84,000 (with GST) to police control room. Rate of GST is 12%. Find the amount of state and central GST charged by the dealer. Also find the taxable value of the set.

 9

Anna Patil (Thane, Maharashtra) supplied vacuum cleaner to a shopkeeper in Vasai(Mumbai) for the taxable value of Rs. 14,000, and GST rate of 28%. Shopkeepersold it to the customer at the same GST rate for Rs. 16,800 (taxable value) Find the following-

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


(2) Amount of CGST and SGST charged by the shopkeeper in Vasai.


(3) What is the CGST and SGST payable by shopkeeper in Vasai at the time offiling the return.

 10

For the given trading chain prepare the tax invoice I, II, III. GST at the rate of 12% was charged for the article supplied.


(1) Prepare the statement of GST payable under each head by the wholesaler, distributor and retailer at the time of filing the return to the government.


(2) At the end what amount is paid by the consumer?


(3) Write which of the invoices issued are B2B and B2C?