Question

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?​

Answer 1

Answer:

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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