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प्रश्न
In a particular tax period, Mr. Sunder Dass, a shopkeeper purchased goods worth ₹ 960000 and paid a total tax of ₹ 62750 (under VAT). During this period, his sales consisted of a taxable turnover of ₹ 400000 of goods taxable at 6% and ₹ 480000 for goods taxable at 12.5%. He also sold tax exempted goods worth ₹ 95640 in the same period. Calculate his tax liability (under VAT) for this period.
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उत्तर
The cost price of good purchased by Sunder Dass= ₹960000
Tax paid (VAT) = ₹62750
Sale of goods worth = ₹400000
Rate of VAT = 6%
∴ Total VAT
= `400000 xx (6)/(100)`
= ₹24000
Sale of goods worth 480000
Rate of VAT = 12.5%
= `(25)/(2)%`
VAT paid
= `₹480000 xx (25)/(2 xx 100)`
= ₹60000
Sale of goods worth ₹95640
Tax exempted
Total VAT
= ₹24000 + ₹60000
= ₹84000
Tax paid to Govt. (VAT)
= ₹62750
Tax liability
= ₹84000 – ₹ 62750
= ₹21250.
संबंधित प्रश्न
The printed price of an article is ₹ 60000. The wholesaler allows a discount of 20% to the shopkeeper. The shopkeeper sells the article to the customer at the printed price. Sales tax (under VAT) is charged at the rate of 6% at every stage. Find :
(i) the cost to the shopkeeper inclusive of tax.
(ii) VAT paid by the shopkeeper to the Government.
(iii) the cost to the customer inclusive of tax.
Sarita purchases biscuits costing Rs 158 on which the rate of sales tax is 6%. She also purchases some cosmetic goods costing Rs 354 on which the rate of sales tax is 9%. Find the total amount to be paid by Sarita.
Q
Q
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(i) the amount of tax received by the Government.
(ii) the amount paid by the consumer for the T.V.
A manufacturer buys raw material for ₹ 40000 and pays sales tax at the rate of 4%. He sells the ready stock for ₹ 78000 and charges sales tax at the rate of 7.5%. Find the VAT paid by the manufacturer.
A manufacturer marks an article for ₹ 5000. He sells it to a wholesaler at a discount of 25% on the marked price and the wholesaler sells it to a retailer at a discount of 15% on the marked price. The retailer sells it to a consumer at the marked price and at each stage, the VAT is 8%.
Calculate the amount of VAT received by the Government from :
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(ii) the retailer.
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VAT paid by the manufacturer is
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A shopkeeper buys an article at a discount of 30% and pays sales tax at the rate of 6%. The shopkeeper sells the article to a consumer at 10% discount on the list price and charges sales tax at the’ same rate. If the list price of the article is ₹3000, find the price inclusive of sales tax paid by the shopkeeper.
