Question

The retailer purchased TV for ₹ 10,000 taxable amount and sold it for ₹ 12,000 taxable amount. The rate of GST is 18% then find the GST payable.​

Answer 1

Answer:

We have,

GST=18%

Taxable value =Rs.8000

Consumer for the taxable value=Rs.10,000

CGST=?

SGST=?

We know that,

Payment = Consumer taxable value-Taxable value

Payment=10000−8000

=2000

Now,

18% GST of Rs.2000

So,

2000×

100

18

=Rs.360

So,

CGST=SGST=

2

360

CGST=SGST=Rs.180

Hence, this is the answer.

Step-by-step explanation:

hope this example will help you