How to find the Amount of CGST and SGST , When it’s included in the given amount ?
Eg. cash sales including CGST and SGST @ 6% . Amount- 47,040.
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Answer:particular l.f dr cr
cash a/c dr 47040
To sales a/c 42000
To output cgst a/c 2520
To output sgst a/c 2520
(being goods sold for 47040 including cgst and sgst 6% each)
Explanation: 47040 multiple with 12 and divided with 112 = 5040 again gst is it 6% each so 5040 again divided with 2 =2520 each. We find sgst and cgst collectively as 12%
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