Question

Mr Roy purchase some Chemicals for 8850 and sold it to the consumer for 94440 with GST the rate of GST is 18% find the amount of cgst and sgst payable by Mr Roy

Answer 1

Answer:

Step-by-step explanation:

Mr Roy purchased some chemical for Rs. 8850.

He sold this chemicals to the consumer by Rs. 94440 with GST.

GST on chemicals purchased by Mr. Roy is 18%

18÷100*8850 = 1593

GST = 1593

cgst=sgst

cgst = half of GST

1593÷2 = 796.5 = sgst

GST on chemicals sold to consumer is 18%

18÷100*94440 = 16999.2

cgst = sgst

cgst = half of GST

= 16999.2÷2

= 8499.6

GST payable = Output - ITC

= 16999.2 - 1593

= 15406.2

Therefore, Mr roy payable amount is 15406.3

cgst = sgst

cgst = 796.5 and 8499.6

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