Mr Sawant purchased a machine for rupees 8850 (with GST) and sold it to the consumer for rupees 10,0 30 (with GST).
rate of GST is 18% find there amount of cgst and sgst to be paid by Mr Sawant
Answers
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Hey dear,
● 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.
Hope this is helpful...
sadaf110:
but the rate of GST is 18 % then it will 18÷100 rather than 18÷118
if we consider real price to be 100 price with gst is 118
but this answer is right
Most correct answer
I know ans is correct but you hve to explain
Thank you
18 is supposed to be divided by 100
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