Question

rate of tin=3000,sold 3 tin,GST 28%,find CGST SGST​

Answer 1

Step-by-step explanation:

Rate of GST is 28%.

(1)

Output tax of Anna Patil = 28% of Rs 14,000 = 28100×14000 = Rs 3,920

∴ CGST in tax invoice of Anna Patil = SGST in tax invoice of Anna Patil = Output tax of Anna Patil2=39202 = Rs 1,960

Thus, the amount of CGST and SGST shown in the tax invoice issued by Anna Patil is Rs 1,960.

(2)

Input tax credit of shopkeeper in Vasai = 28% of Rs 14,000 = 28100×14000 = Rs 3,920

Output tax of shopkeeper in Vasai = 28% of Rs 16,800 = 28100×16800 = Rs 4,704

∴ CGST in tax invoice of shopkeeper in Vasai = SGST in tax invoice of shopkeeper in Vasai = Output tax of shopkeeper in Vasai2=47042 = Rs 2,352

Thus, the amount of CGST and SGST charged by the shopkeeper in Vasai is Rs 2,352.

(3)

GST payable by shopkeeper in Vasai = Output tax of shopkeeper in Vasai − Input tax credit of shopkeeper in Vasai = Rs 4,704 − Rs 3,920 = Rs 784

∴ CGST payable by shopkeeper in Vasai = SGST payable by shopkeeper in Vasai = GST payable by shopkeeper in Vasai2=7842 = Rs 392

Thus, the CGST and SGST payable by shopkeeper in Vasai at the time of filing the return is Rs 392.