A trader purchased cosmetics worth 8000 and sold it to a
customer for 10,000. The rate of GST is 18%. Complete the
following activity to calculate CGST and SGST paid by the
trader
Answers
Answered by
1
Answer:
GST = Rs. 360
CGST = SGST = Rs. 180
Step-by-step explanation:
Purchase price ( ITC ) = 8000
Output tax (selling price) = 10000
GST = 18%
GST payable = Output tax - ITC
= 10000 - 8000
= 2000
Amount of GST = 18 × 2000
100
= 18 × 20
= 360
Amount of CGST = ½ (GST)
= ½ (360)
= 180
Amount of CGST = Amount of SGST
180 = Amount of SGST
Hope this helps you....(≧▽≦)
Answered by
1
Next time I will tell answer ok bro
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