sandeep electronics purchase ceiling fan for 50176 with gst and sold them to the customer for 56000 with gst.. the rate of gst is 12%. find the amount of cgst and sgst to be paid by sandeep electronic. also find the taxable value in each case
Answers
hey sorry for untidiness. hope my solution is useful for you.if yes then please mark me the brainliest.the cgst and sgst payable by Sandeep electronics is rupees 2688.
312 is the amount of cgst and sgst to be paid by sandeep electronic
Step-by-step explanation:
sandeep electronics purchase ceiling fan for 50176 with gst
GST = 12 %
Amount without GST = X
=> X + (12/100)X = 50176
=> 1.12X = 50176
=> X = 44800
CGST = SGST = 12/2 = 6 %
CGST = SGST = (6/100)*44800 = 2688
Taxable Value = 2688 + 2688 = 5376
sold to the customer for 56000 with gst
Amount without GST = A
=> A + (12/100)A = 56000
=> 1.12A = 56000
=> A = 50000
CGST = SGST = (6/100)*50000 = 3000
Taxable Value = 2 * 3000 = 6000
the amount of cgst and sgst to be paid by sandeep electronic
= 3000 - 2688
= 312
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