Question

A trader of Rajasthan purchased good worth ₹ 6 lakhs from a Jaipur based trader on which CGST rate is 12% and SGST rate is 6%. The trader sells 3/4 of the output purchased to a registered trader of Rajasthan for ₹ 8 lakhs and charged CGST at the rate of 12% and SGST at the rate of 6%. Remaining goods he sells to a trader of Madhya Pradesh for ₹ 1 lakh and charged IGST of 14% on the goods sold. Calculate the tax payable.

Answer 1

(1) GST on account of purchase of the trader on the invoice of purchase will be as follows :

(2) The GST in the tax invoice of sales by the trader will be calculated as under :