Question

paid Transport charges Rs 10000 at 5% GST. calculate CGST and SGST​

Answer 1

Answer:

CGST:- 250

SGST:- 250

Explanation:

CGST+SGST= IGST

5%÷2=2.5%

CGST=10000×2.5÷100

SGST=10000×2.5÷100

Answer 2

Given,

Paid transport charges = Rs. 10000

GST = 5%

To find,

CGST and SGST

Solution,

GST includes Central goods and service tax and State goods and service tax.

We will calculate CGST with the help of the formula:

CGST = Amount × Rate of CGST

The formula will be same for SGST

I.e SGST = Amount × Rate of SGST

The rate for CGST and SGST will be 2.5% respectively.

Now,

Putting the values in the formula:

CGST = Rs. 10000 × 2.5%

CGST = Rs. 250

Similarly,

SGST = Rs. 10000 × 2.5%

SGST = Rs. 250

Hence, CGST and SGST is Rs. 250 respectively.