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Question
A shopkeeper sells an article at the listed price of ₹ 3000. The rate of GST on the article is 18%. If the sales are intra-state and the shopkeeper pays a tax (under GST) of 54 to the Central government, find the amount inclusive of tax at which the shopkeeper bought the article from the wholesaler.
Sum
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Solution
Output CGST = 9% × Selling Price
= 0.09 × 3,000
= 270
Net CGST paid = Output CGST – Input CGST
54 = 270 – Input CGST
Input CGST = 270 – 54
= 216
Input CGST = 9% × X
216 = 0.09 × X
X = `216/0.09`
X = 2,400
Total Amount paid = X + (18% × X)
= 2,400 + (0.18 × 2,400)
= 2,400 + 432
= 2,832
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