Q4 of 55 Page 87

The taxable value of a wrist watch belt is Rs. 586. Rate of GST is 18%. Then what is price of the belt for the customer?

Given rate of GST = 18%


Taxable value of wrist watch belt = Rs.586


We know that CGST and SGST are components of GST.


CGST is always equal to SGST


i.e. GST = CGST + SGST


Let CGST and SGST be x.


Then GST = x + x


⇒ 18 = 2x


⇒ x = 9%


Hence CGST, SGST = 9%


We know that CGST =


⇒ CGST =


= Rs.52.74


∵ CGST = SGST


∴ SGST = Rs.52.74


We know that price of a customer = Taxable value + CGST + SGST


∴ Price of belt for customer = 586 + 52.74 + 52.74


= 691.48


More from this chapter

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2

On certain article if rate of CGST is 9% then what is the rate of SGST? and what is the rate of GST?

 3

‘M/s. Real Paint’ sold 2 tins of lustre paint and taxable value of each tin is Rs. 2800. If the rate of GST is 28%, then find the amount of CGST and SGST charged in the tax invoice.

 5

The total value (with GST) of a remote-controlled toy car is Rs. 1770. Rate of GST is 18% on toys. Find the taxable value, CGST and SGST for this toy-car.

 6

‘Tiptop Electronics’ supplied an AC of 1.5 ton to a company. Cost of the AC supplied is Rs. 51,200 (with GST). Rate of CGST on AC is 14%. Then find the following amounts as shown in the tax invoice of Tiptop Electronics.

(1) Rate of SGST


(2) Rate of GST on AC


(3) Taxable value of AC


(4) Total amount of GST


(5) Amount of CGST


(6) Amount of SGST