Question

please give the right solution to this question

Answer 1

Mr. sawant bought it at the cost of rs. 8850
and sold in at rs. 10.030
= 10.030
cgst = 8850 ×18 ÷100 =1593
sgst = 10.030 ×18/100= 1805.4

Answer 2

Actual price of Machine (Without GST)=X Rs

X×118/100=8850

X= 7500

GST(Purchased) = 8850-7500=1350

Mr Sawant sold it at 10030.
Let price he marked (MP) = Y

Y +Y×18/100 =10030
Y= 8500

so
GST (Sell) = Selling P - MP

(GST) = 10030-8500=1530 Rs.

ITC claim = 1350

Total GST paid = 1530-1350 =180

it is divided in two equal parts
Central GST = State GST

CGST- 180/2= 90rupees
SGST -180/2 = 90 rupees

Answer -90 & 90

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【What is itc claim ??~
one can claim gst amount paid on purchase if he have to pay gst on selling the product】