Question

A shopkeeper sold 5 mobile is worth rupees 6100 taxable value of 7300 each the rate of GST is 12% find GST cgst and sgst

Answer 1

Answer:

Therefore, Amount of CGST and SGST = Rs 720

Step-by-step explanation:

Cost price of each mobile = Rs 6100

Number of mobile phone = 5

Cost price of all the mobiles = 5 × 6100

                                                = Rs 30500

Selling Price of each mobile = Rs 7300

Selling price of all the mobile = 5 × 7300

                                                 = Rs. 36500

Amount gained by the shopkeeper on the mobiles = 36500 - 30500

                                                                                      = Rs. 6000

Rate of GST applied = 12%

Amount of GST applied on the mobiles = 12% of 6000

                                                                  = Rs. 720

Therefore, Amount of CGST and SGST = Rs 720