Question

the total value (with gst) of a remote-controlled toy car is ₹ 1770.Rate of gst is 18% on toys.Find the taxable value,cgst and sgst for this toy-car.

Answer 1

The price of the toy car including GST = 1770

Now this price includes 18% GST, so

Let taxable value of toy be P, so

P + 18% of P = 1770

118% of P = 1770

118/100 * P = 1770

P = 1770 * 100 / 118

P = 1500

So, total GST amount = 1770 - 1500

Total GST = 270

For this 18% GST, CGST and SGST are 9% each

or, they are 2 equal halves of total GST

So, CGST = SGST = 270/2 = 135

Answer 2

Answer: Taxable value = 1500

CGST = Rs.135

SGST = Rs.135

Step-by-step explanation:

Let the taxable value of car be Rs.100.

18 % GST

$\sf { Total \: value = Rs100 + Rs.18 = Rs.118}$

The total value is given to be Rs.1770.

For the total value of toy car Rs118 ,the taxable value of toy car is Rs.100

$\therefore {}$ For total value of toy car Rs 1770 , let the taxable value of toy car be Rs.x

Then x/1770 = 100/118

Taxable value = Rs. 1500

GST at 18% on Rs. 1500

= 18/100 × 1500

= Rs.270

CGST = 270/2 = Rs. 135

SGST = 135 Rs

Thus,

Taxable value = Rs. 1500

CGST = SGST = Rs. 135