Arati Gas Agency supplied LPG cylinder to the consumer for taxable value of ` 545. GST charged is 5%. What is the amount of CGST and SGST in the tax invoice ? What is the total amount paid by the consumer ? Find the amount of GST to be paid by Arati Gas Agency.
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Step-by-step explanation:
Solution : Rate of GST = 5% \ Rate of CGST 2.5%, and Rate of SGST = 2.5%.
2 5 ´ 545 = 13.625 = ` 13.63
\ SGST = CGST = ` 13.63
Amount paid by the consumer = Taxable value + CGST + SGST
= 545 + 13.63 + 13.63
= 572.26
Arati Gas Agency has to pay CGST = ` 13.63. and SGST = ` 13.63
Total GST to be paid = 13.63 ´ 2 = ` 27.26.
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