Alex is a Wooden Furniture Dealer.He Purchase Wooden Furniture from Carpente of ₹.45000/-.
.He Sales this Furniture @ of ₹50000/- to Unregistered Person and Collected GST @ 28%.Howmuch GST paid by Alex.
3 Replies
baby anuj shukla
(32 Points)
Replied 11 October 2017
28%only. but 45000 will attract rcm and then balance tax is payable
(Guest)
purchase price is 45000/- inclusive of gst
and sales price inclusive of gst that is 50000/-
in other words
cost + gst = final price (consider both sales and purchase )
here formula is final price sales or purchase what is given
for purchase it is 45000/128*100 =35156.25 is cost price
for purchase add gst on it @ 28% u will get figure
9,843.75 now add it to 35156.25+9843.75 = 45000
now u have the fugire with u
apply this with sales
now part of how much gst u pay
as per rules
payable gst (sales) - receivable gst (purchase)
u will get ur answer how much u r going to pay
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