a toy is purchased at a 1320 including 5% sgst and 5% cgst the actual price of the toy without GST
Answers
Answer:
Step-by-step explanation:
Toys like tricycles, scooters, pedal cars – other than electronic toys are taxed at 12% under GST. All electronic toys including tricycles, scooters, pedal cars consisting of electronics are taxed at 18% GST.
Video games and video game consoles are taxed at 28% GST. Festive, carnival or other entertainment articles, including conjuring tricks and novelty jokes are also taxed at 28% GST.
In case the toy does not fall under any of the above categories, then it would be taxed at 28% by default.
Answer:
The Original price of toy without adding GST is Rs. 1200
Step-by-step explanation:
Hey Mate,
Suppose,
The original price of Toy = 100%
After adding 5% SGST and 5%CGST its will be (100% + 5% + 5%) = 110%
The product price is 110% = Rs. 1320
So,
The original price of toy is = (1320/ 110) × 100
The original price of toy is = Rs. 1200
So,
The Original price of toy without adding GST is Rs. 1200