Question

identify the following statements whether it's Receipts or Expenditure 1)GST paid Rs 40000.​

Answer 1

Answer:

Rate of GST = 12% (Given)

Now,

Rate of CGST = Rate of SGST

Also,

Rate of CGST + Rate of SGST = Rate of GST

⇒ 2 × Rate of CGST = 12%

⇒ Rate of CGST = 6%

∴ Rate of SGST = 6%