Question

A dealer supplied Walky-Talky set of Rupees 84,000 (with GST) to police control room. Rate of GST is 12%. Find the amount of state and central GST charged by the dealer. Also find the taxable value of the set. Solve the word problem

Answer 1

Answer:

Central GST = Rs 4500

State GST = Rs 4500

Taxable Value = Rs 7500

Step-by-step explanation:

Let say Price before GST (Taxable Value) =  X

GST = 12 %

GST = (12/100)X = 0.12X

Amount with GST = X + 0.12X = 1.12X

1.12X = 84000

=> X = 75000

Taxable value of Set = Rs75000

State GST = GST/2 = 12/2 = 6 %   = (6/100) * 75000 = Rs 4500

Central GST = GST/2 = 12/2 = 6 %   = (6/100) * 75000 = Rs 4500

Total GST = Rs 9000