Question

2. M/S Roy purchased some chemicals for 8850
(with GST) and sold it to the consumer for 9440
(with GST). The rate of GST is 18%. Find the
amount of CGST and SGST payable by M/S Roy.​

Answer 1

Answer:

CGST =  Rs 1350, SGST =  Rs 1440

Step-by-step explanation:

Find the CGST:

Given:

Purchase Price = Rs 8850 (with GST)

GST = 18%

FInd 1%

118% = Rs 8850

1% = 8850 ÷ 118 =  Rs 75

Find 18% (GST):

1%  = Rs 75

18% = 75 x 18  = Rs 1350

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Find the SGST:

Selling Price = Rs 9440 (with GST)

GST = 18%

Find 1%:

118% = 9440

1% = 9440 ÷ 118 = Rs 80

Find 18% (GST):

1% = Rs 80

18% = 80 x 18 = Rs 1440

Answer: CGST =  Rs 1350, SGST =  Rs 1440