Question

Mr. pankaj took Health insurance policy for his family and paid $ 900 as SGST. find the total annual premium paid by him for this policy, rate of GST being 18 percent. ​

Answer 1

Answer:

let amount deposited=P

GST=18%

SGST=18/2=9%

CGST=18/2=9%

SGST=9/100*P=0.09P

CGST=9/100*P=0.09P

0.09P=900

P=10000

Policy basic amount=10000

GST paid=18%=18/100*10000

=1800

Total amount paid=10000+1800

=11800