Q7 of 55 Page 87

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.

Discount = 5% of 40, 000 = Rs. 2000


∴ Taxable value of washing machine = 40,000 – 2000 = Rs. 38, 000


Given, rate of GST = 28%


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


⇒ 28 = 2x


⇒ x = 14%


∴ CGST, SGST = 14%


∴ CGST = 14% of 38, 000 = Rs. 5320


∴ SGST = Rs. 5320


∴ Purchase price of washing machine = 38000 + 5320 + 5320


= Rs. 48, 640


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