Question

State how GST rates will be applicable if CGST is 9%, SGST is 9% and IGST is 18% in each of the following situations.
Good worth Rs 10000 is sold by manufacturer 1 in Maharashtra to a dealer A in Maharashtra

Answer 1

Answer:

Sales a/c. Dr. 11800

To A's a/c. 10000

To output CGST. 900

To output SGST. 900

OR

Sales a/c. Dr. 11800

To A's a/c. 10000

To output IGST. 1800

I hope it help u...

Answer 2

CGST and SGST applicable for Transactions with in the same states. Hence

CGST = SGST = 900 if Good worth Rs 10000 is sold by manufacturer 1 in Maharashtra to a dealer A in Maharashtra

GST

• GST is goods and service Tax
• When transaction happen with in the same state then there are two parts of GST :  
• CGST = SGST = GST/2
• CGST: Central goods and service tax
• SGST: State goods and service tax
• When transaction happen in between 2 different states then IGST is Applicable
• IGST: Interstate goods and service tax
• GST Common rates are 5% , 12% , 18% and 28%

Goods worth Rs 10,000 is sold by a Manufacturer 1 in Maharashtra to a Dealer A in Maharashtra.

Both Parties are in same state Hence CGST and SGST will be applicable

CGST = (9/100) 10000 = 900 Rs

SGST = (9/100) 10000 = 900 Rs