Question

Mr Ram sold a solar panel for Rs56000 (with GST) .The rate of GST is 12%. Find amount os SGST and CGST. Also find the taxable amount of solar panel​

Answer 1

Step-by-step explanation:

Let the Marked price of solar panel be ₹ x.

$\therefore \: x + 12\% \: of \: x= 56000 \\ \therefore \: x + \frac{12}{100} \times x= 56000 \\ \therefore \: x + 0.12 x= 56000 \\ \therefore \:1.12x = 56000 \\ \therefore \:x = \frac{56000}{1.12} \\ \therefore \:x = 50000$

Therefore,

Marked price of solar panel = ₹ 50,000.

Hence, taxable amount of solar panel = ₹ 50,000

Amount of GST = ₹ 56,000- ₹ 50,000 = ₹ 6000

Amount of CGST $=\frac{1} {2} \times \:Amount \:of \:GST\\</p><p>=\frac{1} {2} \times 6000\\</p><p>=Rs.\: 3000$

$\because$ Amount of SGST= Amount of CGST

$\therefore$ Amount of SGST= ₹3000