Question

BRN Enterprise supplied the following vehicles on 8 Jan,20121:
(1) Two motor cars-price rs 5,30,8000 each
(2) Five motor cycles-price rs 68700 each
(3) Eight cycles-price rs 12500 each
(4) Three minitrucks price rs 3,85,000 each
(5) Parts and accessories of vehicles rs 72,400.
Tax on motor vehicles 28% and on cycle 12%. Find out GST payable tax was changes separately.

Answer 1

Given : BRN Enterprise supplied the following vehicles on 8jan, 2021:

(1) Two motor cars- price rs 5,30,800  each

(3) Eight cycles- price rs 12500 each  

Tax rate on motor vehicles 28% and on cycle 12% .

To Find :  GST payable on motor vehicles and   cycle  separately.

Solution:

(1)  motor cars- price rs 5,30,800  each

=> Price of  2  motor cars = 2 * 5,30,800   = 10,61,600  Rs

GST rate = 28  %

GST = (28/100)  *  10,61,600 = 2,97,248  Rs

(2)  Cycles- price rs 12500 each

=> Price of 8 cycles = 8 * 12500 =1,00,000  Rs

GST rate = 12  %

GST = (12/100)  *1,00,000= 12000 Rs

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Answer 2

Answer:

(1) motor cars- price rs 5,30,800 each

=> Price of 2 motor cars = 2 * 5,30,800

10,61,600 Rs GST rate 28 % GST (28/100) * 10,61,600 = 2,97,248 Rs.

(2) Cycles- price rs 12500 each => Price of 8 cycles = 8 * 12500 =1,00,000 Rs

GST rate = 12 %

GST (12/100) *1,00,000= 12000 Rs.