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प्रश्न
In a GST chain, a dealer Mr. Shah purchases an article for ₹ 50000 and supplies it to another dealer Mr. Paresh at a profit of ₹ 6000. Mr. Paresh sells it to a consumer Mrs. Gupta at a profit of ₹ 4000. If the rate of GST is 18% and if all transactions were intrastate, calculate
- ITC for Mr. Shah
- Input Tax payable by Mr. Paresh
- Total cost price of the article for Mrs. Gupta
- Output GST for Mrs. Gupta
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उत्तर
Given:
Mr. Shah buys at C.P. = ₹ 50,000.
Mr. Shah sells to dealer Mr. Paresh at a profit = ₹ 6,000.
Mr. Paresh sells to consumer Mrs. Gupta at a profit = ₹ 4,000.
Rate of GST = 18% (intra-state).
Step-wise calculation:
1. Mr. Shah
Taxable purchase value = ₹ 50,000.
ITC for Mr. Shah = GST on purchase
= 18% of ₹ 50,000
= 0.18 × 50,000
= ₹ 9,000
2. Sale Shah → Paresh
Shah’s selling price (taxable value) = C.P. + Profit
= 50,000 + 6,000
= ₹ 56,000
GST collected by Shah (Paresh’s input tax) = 18% of ₹ 56,000
= 0.18 × 56,000
= ₹ 10,080
3. Mr. Paresh sale → Mrs. Gupta
Paresh’s selling price (taxable value) = Shah’s price + Paresh’s profit
= 56,000 + 4,000
= ₹ 60,000
Output GST collected by Paresh = 18% of ₹ 60,000
= 0.18 × 60,000
= ₹ 10,800
Paresh’s ITC = GST paid on purchase from Shah = ₹ 10,080.
Input tax payable by Mr. Paresh = Output GST – ITC
= 10,800 – 10,080
= ₹ 720
4. Mrs. Gupta (consumer)
Total cost to Mrs. Gupta = Taxable price + GST
= 60,000 + 10,800
= ₹ 70,800
As an end-consumer she does not collect/output GST (output GST for Mrs. Gupta = ₹ 0). She pays GST as part of the purchase; the GST amount she pays = ₹ 10,800.
