Q5 of 55 Page 87

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.

We know that Total Value (with GST) = Taxable Value + GST


Given total value (with GST) = Rs. 1770


Let taxable value = x


∴ 1770 = x + 18% of x


=


= x + 0.18x


⇒ 1770 = 1.18x


⇒ x = = 1500


∴ x = Taxable Value = Rs. 1500


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. 135


∵ CGST = SGST


∴ SGST = Rs. 135


More from this chapter

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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.

 4

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?

 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

 7

Prasad purchased a washing-machine from 'Maharashtra Electronic Goods'. The discount of 5% was given on the printed price of Rs. 40,000. Rate of GST charged was 28%. Find the purchase price of washing machine. Also find the amount of CGST and SGST shown in the tax invoice.