Question

The marked price of an article is 15000. A shopkeeper buys the article from a wholesaler at some discount and sells it to a customer at the marked price. The sales are intra-state and the rate of GST is 12%. If the shopkeeper pays ₹ 180 as tax (under GST) to the state government, find:

1. the amount of discount.
2. the price inclusive of tax (under GST) of the article which the shopkeeper paid to the wholesaler.

Answer 1

Output GST = `15000xx12/100`

= 1800

Output SGST = `1800/2`

= 900

Net SGST = Output SGST – Input SGST

180 = 900 – Input SGST

Input SGST = 900 – 180

= 720

Input SGST = `"CP"xx6/100`

720 = CP × 0.06

CP = `720/0.06`

= 12000

Discount Amount = MP – CP 

15000 – 12000

= 3000

GST on purchase = 12% of 12,000 = 1,440

Total Amount wholesaler = 12,000 + 1,440

= 13,440