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Question
Goods/services are sold from Agra (U.P.) to Kanpur (U.P.) for Rs. 20,000 and then from Kanpur to Jaipur (Rajasthan). If the rate of GST is 18% and the profit made at Kanpur is Rs. 5,000, find:
- the net GST payable by the dealer at Kanpur.
- the cost of goods/services at Jaipur.
Solution
When the product is sold from Agra to Kanpur (intra-state transaction).
For the dealer in Agra:
S.P. in Agra = Rs. 20,000
CGST = 9% of Rs. 20,000
= `9/100 xx 20,000`
= 1,800
SGST = 9% of Rs. 20,000
= `9/100 xx 20,000`
= 1,800
When the product is sold from Kanpur to Jaipur (inter-state transaction).
For the dealer in Kanpur:
Input-tax credit = 1,800 + 1,800 = Rs. 3,600
C.P. = Rs. 20,000 and Profit = Rs. 5,000
S.P. = 20,000 + 5,000 = Rs. 25,000
IGST = 18% of 25,000 = Rs. 4,500
- Net GST paid by the dealer at Kanpur:
= Output GST – Input GST
= 4,500 – 3,600
= Rs. 900 - The cost of goods/services at Jaipur:
= S.P. in Kanpur + IGST
= 25,000 + 18% of 25,000
= 25,000 + 4,500
= Rs. 29,500
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