Mr Sawant purchased a machine for ₹8850 (with GST) and sold it to the consumer for ₹10,030 (with GST) .Rate of GST is 18%. Find the amount of CGST and SGST to be paid by Mr Sawant.
Please send Answer std 10th new porsion.
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Input tax Rs. 8850
ITC=RS. 8850
Output tax Rs. 10030
GST payable =
OUTPUT TAX - ITC
10030-8850
1180 RS
GST RATE 18% OF 1180
18/100*1180
212.4₹
CGST=SGST= 212.4/2
₹106.2
TejashreeThakur:
But answer galt hai?
● Answer-
CGST = SGST = 90 Rs.
● Explanation-
# Given-
Cost price with GST = 8850 Rs.
Selling price with GST = 10030 Rs.
# Solution-
GST on cost price = 18/118 × 8850
GST on selling price = 18/118 × 10030
Total GST = GST(selling) - GST(buying)
Total GST = 18/118 × (10030-8850)
Total GST = 18/118 × 1180
Total GST = 180 Rs.
CGST = 1/2 GST = 90 Rs.
SGST = 1/2 GST = 90 Rs.
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