Question

A dealer has given 10% discount on a showpiece of Rs.25000
GST of 28% was charged on the discounted price. Then find the total amount shown in tax invoice. What is the amount of CGST and SGST ???

Please answer, TMRW there is my exam.

Help me

Answer 1

Here's the answer

Printed price of showpiece= Rs. 25000

Rate of discount = 10%

Amount of discount = 10% of the printed price

$\sf{= \frac{10}{100} \times 25000}$

$\sf {= 2500}$

Taxable value = Printed price - discount

$\sf{= 25,000 - 2500 }$

$\sf{ = 22500}$

Rate of GST = 28%

Rate of CGST = 14% and

Rate of SGST = 14%

CGST = 14% of the taxable value

$\sf {= \frac{14}{100} \times 22500}$

$\sf{ = 3150}$

CGST = SGST = Rs. 3150

Total amount of tax invoice =
Taxable value + CGST + SGST

$\sf{ = 22500 + 3150 + 3150} \\ \\ \sf { = 28800}$

Therefore,

The total amount shown in the tax invoice is Rs. 28 , 800 and the amount of CGST and SGST is Rs. 3150 each.

Answer 2

Solutions :-

Given

Printed price of showpiece = Rs 25000

Rate of discount = 10% 

Amount of discount = 10% of the printed price

=>10/100×25000​

=>Rs2500 

Now

Taxable value = Printed price - discount 

=>Rs25,000−Rs2,500 

=>Rs 22,500 

Rate of GST = 28%

Rate of CGST and SGST= 14%

=>14/100​×22500 

=>3150 

CGST = SGST = Rs. 3150

Total amount of tax invoice = 
Taxable value + CGST + SGST 

=>22500+3150+3150
=>28800​ 

Hence

The total amount shown in the tax invoice is Rs. 28,800.

The amount of CGST and SGST is Rs. 3150 each.

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