Question

Mr real paint sold two tins of luster paint and taxable value of each tin is rupees 2800 if the rate of GST is 28% then find the amount of cgst and sgst charged in the tax invoice

Answer 1

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GIVEN :

=> MR. REAL PAINT SOLD 2 TINS

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TAXABLE VALUE OF EACH ONE :

=> 2,800 RS

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RATE OF GST :

=> 28%

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TO FIND :

=> AMOUNT OF CGST AND SGST

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STEP 1 :

=> TO CALCULATE THE TOTAL TAXABLE VALUE

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THE TOTAL TAXABLE VALUE :

=> VALUE OF ONE TIN * NO. OF TINS

=> 2,800 * 2

=> 5,600 RS

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STEP 2 :

=> TO FIND THE GST IN TAX INVOICE

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GST :

=> 28% OF TAXABLE VALUE

=> 28% OF 5,600

=> 28 / 100 * 5600

=> 28 * 56

=> 1568 RS

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STEP 3 :

=> TO FIND CGST AND SGST

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CGST ( CENTRAL GOODS AND SERVICE TAX )

=> 1 / 2 * GST

=> 1 / 2 * 1568 RS

=> 784 RS

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SGST ( STATE GOODS AND SERVICE TAX )

=> 1 / 2 * GST

=> 1 / 2 * 1568

=> 784 RS

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HOPE IT WILL HELP U ......

THANKS ......

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