The taxable value of a wrist watch belt is rupees 500. Rate of GST is 18%. Then what is the price of the belt for the customer?
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Taxable value of wrist watch belt = Rs 500
Rate of GST = 18%
.･. GST = 18% of taxable value
= 18/100 × 500
.･. GST = Rs 90
.･. Amount paid by customer
= Taxable value of wrist watch belt + GST
= 500 + 90
= Rs 590
.･. The price of wrist watch belt for the customer is Rs 590
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