a family went to a hotel and spent 350 rupees for the food and paid 5% GST extra calculate the cgst and sgst
Answers
Answer:
Rs.8.75
Step-by-step explanation:
cost of food=Rs.350
Extra 5%paid as GST is equally shared by the Central and the state governments at 2.5%each.
CGST=SGST=350×2.5/100=Rs8.75
Given,
- Expenditure of a family = ₹ 350
- % of GST paid = 5%
To find,
- Amount of CGST
- Amount of SGST
Solution,
If a family went to a hotel and spent 350 rupees for the food and paid 5% GST extra, then CGST is ₹ 8.75 and SGST is ₹ 8.75.
The total amount of money spent on food in the hotel = ₹ 350
% of GST paid by the family = 5%
As we know,
GST = CGST + SGST
Then, Amount of GST = 350* 5/100
= ₹ 17.5
Amount of CGST = Amount of SGST
Amount of CGST = 17.5/2
= ₹ 8.75
Amount of SGST = ₹ 8.75
∴ The amount of CGST and SGST is ₹ 8.75 respectively.
Hence, If a family went to a hotel and spent 350 rupees for the food and paid 5% GST extra, then CGST is ₹8.75 and SGST is ₹ 8.75.