Question

product paid 18%,GST worth 12000 and sold 16000 then find the CGST AND SGST​

Answer 1

Given :

• product paid 18%,GST worth 12000 and sold 16000

To find :

• CGST AND SGST

Solution :

output tax = 18% of 16000

= 18/100 × 16000

= 18 × 160

= 2880

CGST = SGST = output tax/2

= 2880/2

= 1440

Extra information :

Gain = SP - CP

loss = CP - SP

Gain % = gain x 100/CP

Loss % = loss x 100/CP

SP = (100 + gain %) x CP/100

CP = (100 - loss%) x CP/100

Discount % = Discount x 100/market price