the total value ( with GST ) of a remote control toy car is 1770 rate of GST is 18 % on toy find the taxable value CGST and SGST for this toy car
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Answer:
let the taxable value be x
therefore GST = 18% of taxable value = 18x/100
total cost of car with GST =Rs.1770
total cost of car(with GST) = rate of GST + taxable value
Rs.1770 = 18x/100 + x
1770 = 118x/100
1770 * 100/118= x
x=1500
there fore taxable value = Rs.1500
there fore GST =18/100 *1500
GST =270
CGST = SGST = GST/2
CGST = SGST = 270/2
CGST = SGST = Rs.185
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