Question

A trader sold ceiling fans for 56,000 (with GST).
The rate of GST is 12%. Find the amount of CGST
and SGST payable by the trader. Also find the
taxable value of the ceiling fans sold.​

Answer 1

Answer:

let the taxaablebe 100

total value 112

but

here total value is 56000

taxable value be x

100/x=112/56000

56000*100/112=x

x=50000

taxable is 50000

gst payable =56000_50000=6000

cgst=sgst=1/2*6000

cgst=3000

sgst=3000

x=50000

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