India Site

A shopkeeper buys a camera at a discount of 20% from a wholesaler. The printed price of the camera being Rs 1600. The shopkeeper tells it to a consumer at the printed price. If the sales are intra-state and the rate of GST Is 12%, find: (i) GST paid by the shopkeeper to the Central Government (ii) GST received by the Central Government. (iii) GST received by the State Government. (iv) The amount at which the consumer bought the camera.

It is a case of intra-state transaction of goods and services.

\[SGST\text{ }=\text{ }CGST\text{ }=\text{ }{\scriptscriptstyle 1\!/\!{ }_2}\text{ }GST\]

According to ques,:

Printed price of a camera

\[=\text{ }Rs.~1600\]

Rate of discount

\[=\text{ }20%\]

CP of camera for shopkeeper

= printed price – Discount

\[=\text{ }Rs.\text{ }1600\text{ }\text{ }20%\text{ }of\text{ }Rs.\text{ }1600\]

\[=\text{ }Rs.\text{ }1600\text{ }\text{ }\left( 20/100 \right)\text{ }\times \text{ }1600\]

or,

\[=\text{ }Rs.\text{ }1600\text{ }\text{ }Rs.\text{ }320\]

\[=\text{ }Rs.\text{ }1280\]

It is given that, rate of GST

\[=\text{ }12%\]

Amount of GST paid by the shopkeeper to the wholesaler,

\[CGST\text{ }=\text{ }SGST\]

\[=\text{ }6%\text{ }of\text{ }Rs.\text{ }1280\]

\[=\text{ }\left( 6/100 \right)\text{ }\times \text{ }1280\]

or,

\[=\text{ }Rs.\text{ }76.80\]

(i) GST paid by the shopkeeper to the Central Government

CGST = SGST

\[=\text{ }6%\text{ }of\text{ }Rs.\text{ }1600\]

\[=\text{ }\left( 6/100 \right)\text{ }\times \text{ }1600\]

or,

\[=\text{ }Rs.\text{ }96\]

GST paid by the shopkeeper to the Central Government

\[=\text{ }Rs.\text{ }96\text{ }\text{ }Rs.\text{ }76.80\text{ }=\text{ }Rs.\text{ }19.20\]

(ii) GST received by the Central Government.

CGST paid by wholesaler + CGST paid by shopkeeper

\[=\text{ }Rs.\text{ }76.80\text{ }+\text{ }Rs.\text{ }19.20\text{ }=\text{ }Rs.\text{ }96\]

(iii) GST received by the State Government.

SGST paid by wholesaler + SGST paid by shopkeeper

\[=\text{ }Rs.\text{ }76.80\text{ }+\text{ }Rs.\text{ }19.20\text{ }=\text{ }Rs.\text{ }96\]

(iv) The amount at which the consumer bought the camera.

Amount paid by consumer for camera

= CP of camera + CGST paid by consumer + SGST paid by consumer

\[=\text{ }Rs.\text{ }1600\text{ }+\text{ }Rs.\text{ }96\text{ }+\text{ }Rs.\text{ }96\]

\[~=\text{ }Rs.\text{ }1792\]