MRP of a laptop is ₹ 59000 (inclusive of GST). Rate of GST is 18%. If it is sold at 10% discount on original price (without GST), what is new price including GST?
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Its not clear from question whether Rs.59000 is inclusive GST & you want to know exclusive GST price or you want to know what will be price after 18% GST on Rs.59000.
In first scenario : As per Rule 35 of Determination of Value of Supply CGST Rules, 2017, where value of goods or services or both includes amount of tax (GST).
Amount of Tax =
(Value Inclusive of Tax × Tax Rate) ÷ (100 + Sum of Tax)
So, Amount of Tax= (59000*18)÷118 = ₹9000
Value of Supply = ₹59000- ₹9000= ₹50000.
In Second Situation :
Actual Price including GST@18% on ₹59000=
₹59000 × 118% = ₹69620.
Step-by-step explanation:
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