Question

Roy purchased some chemicals for rs 8850 (with GST) and sold it to consumer for rs 9940 (withGST) The rate of GST is 18% find the amount of CGST and SGST payable by Roy

Answer 1

Cost Price = Rs 8850

Find the CGST:

CGST = 18%

Selling Price = 100 + 18 = 118%

Selling Price = Rs 8850

118% = 8850

1 % = Rs 75

CGST = 18% = 18x 75 = Rs 1350

Find the SGST:

SGST = 18%

Selling Price = 100 + 18 = 118%

Selling Price = Rs 9940

118% = 9940

1% = 9940 ÷ 118 = 9940/118

SGST = 18% = 9940/118 x 18 = Rs 1516.27

Answer: CGST = Rs 1350 and SGST = Rs 1516.27