Question

EXERCISE 1
1. A dealer in Bihar sells goods to a consumer
worth 2,00,000 in the same state. If the rate
of CGST and SGST is 5% each, find the
shares of GST for both the state and central
governments.​

Answer 1

$\fontsize{18}{10}{\textup{\textbf{The required share is 9090.91 each}}}$

Step-by-step explanation:

Let the original value of the goods be x

So, x + 5% of x + 5% of x=2,00,000

=>1.1x=2,00,000

=>x=200000/1.1

=>x=181,818.18

So, the total SGST and CGST= 200000-181818,18

=18,181.82

So share of each CGST and SGST= 18181.82/2

=9090.91

Answer 2

Answer:

The required answer is 9......

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