Question

The total value, with GST, of a toy car is Rs 944. The rate of GST is 18% on toys. Find the taxable value of the toy car​.​

Answer 1

Answer:

Taxable value = Rs. 144

Step-by-step explanation:

Let, SP with GST = Rs. 944

and, GST= 18%

Then, SP + GST amount = SP with GST

or, SP + 18% of SP = 944

or, SP + 18/100 *SP =944

or, SP + 9 SP =944

50

or, 59 SP =944 * 50

i.e. SP = 47200/59 = Rs. 800

Now,

GST Amount = 18% of SP

i.e. Taxable value = 18/100 * 800

=Rs. 144