Question

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 ​

Answer 1

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