17/ Mr T N Naim purchased sportbike for his son
at a discount of 15%, having exshowroom price
* 4,00, 500. Insurance cover premium of the bike is
8% of the discounted value. The cost of accessories is
* 20,000. Dealer offered 5% discount on accessories.
Rate of GST is 28% on the bike and 18% on the
insurance premium and 12% on the accessories. Find
(i) Total amount of GST to the nearest rupee)
(ii) Total amount (to nearest rupee) including the
6 insurance premium paid by Mr T N Naim.
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Answer:
gst is the highest percentage of TAX in India 21 %
but in Singapore it is only 7 %
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