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Krishna Electricals Had Bought a Tv from a Wholesaler at Rs 36000. the Marked Price on It in Krishna Electricals Was Rs. 50000. Calculate the Input Gst and Output Gst - Algebra

Krishna Electricals had bought a TV from a wholesaler at Rs 36000.
The marked price on it in Krishna Electricals was Rs. 50000. If it was
sold to Kalyan Deshmukh at 10% discount, calculate the input GST
and output GST for Krishna Electricals if the rate of GST is 18%.

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Solution

(1)For Krishna Electronics :
Marked price of TV set = RS 50000

Discount = `50000 × 10/100` = RS . 5000
The taxable value of the TV set = 50000 - 5000 = RS 45000
Input Tax `= 36000 × 18/100 = Rs     6480`
Output tax` = 45000 × 18 /100 = Rs   8100`

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