Question

Neeta chemicals purchased T 16,000 worth hand sanitizer and sold it for T 20,000 with tax. Then what will be the CGST and SGST at the rate 18%?​

Answer 1

Answer:

116000=888.8 and 20000= 1111.1

Answer 2

Given :

GST=18%

Taxable value =Rs.16000

Consumer for the taxable value=Rs.20,000

To find:

CGST=?

SGST=?

Solution:

We know that,

Payment = Consumer taxable value-Taxable value

Payment=20000−16000

=4000

Now,  18% GST of Rs.4000

So, 4000×  18/100

=Rs.720

So, CGST=SGST= 720/2

CGST=SGST=Rs.360

Hence, CGST and SGST is Rs.360