Question

4. The cost of a pair of shoes is Rs.1000. The GST charged was 5%. Find the bill amount and also find share of CGST, and SGST.
plzz dont give wrong ans..​

Answer 1

Step-by-step explanation:

GST= 1000×5%=50

BILL AMOUNT = TOTAL COST + GST

= 1000 + 50 = 1050

CGST = 50/2=25

SGST = 50/2=25

Answer 2

Answer:

• Bill amount = Rs. 1050
• Share of CGST = Rs.25
• Share of SGST = Rs.25

Step-by-step explanation:

This is a problem of percentages.

• Percentages denote a fraction of a value represented in terms of 100.
• Central Government has launched a tax law called GST law.
• Under the GST law, Central Government will collect CGST, SGST or IGST depending on type of transaction, inter- or intra- state.
• State Goods and Services Tax (SGST) is a tax levied on Intra - State supplies of both goods and services by the State Government.
• Central Goods and Services Tax (CGST) is a tax levied on Intra - State supplies of both goods and services by the Central Government.
• CGST, SGST forms 50% each of the total GST.

Calculation:

Given,

Cost of shoes = Rs. 1000

GST = 5% of the cost

GST amount = (5/100)*1000

GST amount = Rs. 50

Bill amount = Cost of Shoes + GST amount

Bill amount = 1000 + 50

Bill amount = Rs. 1050

CGST = GST/2 = 2.5% of cost

CGST = 50/2

CGST = Rs.25

SGST = GST/2  = 2.5% of cost

SGST = 50/2

SGST = Rs.25

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