Advertisements
Advertisements
प्रश्न
A dealer supplied electrical items worth ₹ 1700000 in interstate transactions and worth another ₹ 300000 in transactions within the state. The total value of his receipts of goods in interestate transactions was ₹ 1500000. If the rate of GST is 18%, calculate the net IGST, CGST and SGST payable by the dealer.
Advertisements
उत्तर
Given:
Outward (supplies), Interstate = ₹ 17,00,000; Intra‑state = ₹ 3,00,000.
Receipts (purchases), Interstate = ₹ 15,00,000.
GST rate = 18% (so for intra‑state: CGST = 9% and SGST = 9%; for inter‑state: IGST = 18%).
Step-wise calculation:
1. Output tax on interstate supplies (IGST collected)
= 18% of ₹ 17,00,000
= 0.18 × 17,00,000
= ₹ 3,06,000.
2. Output tax on intra‑state supplies CGST
= 9% of ₹ 3,00,000
= 0.09 × 3,00,000
= ₹ 27,000
SGST = 9% of ₹ 3,00,000
= ₹ 27,000
3. Input tax credit on receipts (interstate purchases)
= IGST paid on purchases
= 18% of ₹ 15,00,000
= 0.18 × 15,00,000
= ₹ 2,70,000 ...(For a registered dealer tax liability is output tax minus input tax credit)
4. Net IGST payable
= IGST output − IGST input credit
= ₹ 3,06,000 − ₹ 2,70,000
= ₹ 36,000
5. CGST and SGST payable Because the available IGST credit ₹ 270,000 was fully absorbed against IGST output and was insufficient to leave any residual IGST credit to offset CGST/SGST), CGST and SGST liabilities remain:
CGST payable = ₹ 27,000
SGST payable = ₹ 27,000
6. Total tax payable = ₹ 36,000 (IGST) + ₹ 27,000 (CGST) + ₹ 27,000 (SGST) = ₹ 90,000.
