It is a case of intra-state transaction of goods and services.
hence,
\[SGST\text{ }=\text{ }CGST\text{ }=\text{ }{\scriptscriptstyle 1\!/\!{ }_2}\text{ }GST\]
According to ques,:
(i) The marked price of the TV.
now,
It is given that, CP of TV for retailer is
\[=\text{ }Rs.\text{ }40000\]
Marked price of TV is
\[=\text{ }Rs.\text{ }40000\text{ }+\text{ }15%\text{ }of\text{ }40000\]
\[=\text{ }Rs.\text{ }40000\text{ }+\text{ }\left( 15/100 \right)\text{ }\times \text{ }40000\]
or,
\[=\text{ }Rs.\text{ }40000\text{ }+\text{ }6000\]
\[=\text{ }Rs.\text{ }46000\]
(ii) The amount which the consumer pays for the TV.
since,
Discount given by retailer is
\[=\text{ }5%\text{ }of\text{ }Rs.\text{ }46000\]
\[=\text{ }\left( 5/100 \right)\text{ }\times \text{ }46000\]
or,
\[=\text{ }Rs.\text{ }2300\]
Amount paid by consumer without GST for TV is
\[=\text{ }Rs.\text{ }46000\text{ }\text{ }Rs.\text{ }2300\]
\[=\text{ }Rs.\text{ }43700\]
Rate of GST = 12%
Amount of GST paid by consumer
\[=\text{ }12%\text{ }of\text{ }Rs.\text{ }43700\]
\[=\text{ }\left( 12/100 \right)\text{ }\times \text{ }43700\]
or,
\[=\text{ }Rs.\text{ }5244\]
Amount which consumer pays for TV
\[=\text{ }Rs.\text{ }43700\text{ }+\text{ }Rs.\text{ }5244\text{ }=\text{ }Rs.\text{ }48944\]
(iii) The amount of tax (under GST) paid by the retailer to the Central Government.
now,
CGST paid by shopkeeper that is
\[=\text{ }6%\text{ }of\text{ }Rs.\text{ }40000\]
or,
\[=\text{ }\left( 6/100 \right)\text{ }\times \text{ }40000\]
or,
\[=\text{ }Rs.\text{ }2400\]
and
SGST paid by shopkeeper that is
\[=\text{ }6%\text{ }of\text{ }Rs.\text{ }40000\]
\[=\text{ }Rs.\text{ }2400\]
Shopkeeper sells the article to consumer that is
\[=\text{ }Rs.\text{ }43700\]
GST collected by shopkeeper
\[=\text{ }12%\text{ }of\text{ }Rs.\text{ }43700\]
\[=\text{ }\left( 12/100 \right)\text{ }\times \text{ }43700\]
or,
\[=\text{ }Rs.\text{ }5244\]
CGST of shopkeeper that is = SGST
\[=\text{ }6%\text{ }of\text{ }Rs.\text{ }43700\]
\[=\text{ }\left( 6/100 \right)\text{ }\times \text{ }43700\]
or,
\[=\text{ }Rs.\text{ }2622\]
The amount of tax (under GST) paid by the retailer to the Central Government which is
\[=Rs.\text{ }2622\text{ }\text{ }Rs.\text{ }2400\]
\[=\text{ }Rs.\text{ }222\]
(iv) The amount of tax (under GST) received by the State Government.
SGST paid by wholesaler + SGST paid by shopkeeper
that is,
\[=\text{ }Rs.\text{ }2400\text{ }+\text{ }Rs.\text{ }222\]
\[=\text{ }Rs.\text{ }2622\]