Question

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%.

Answer 1

(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`