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
Answers
Answered by
0
Answer:
Hope its helps you..
Step-by-step explanation:
Taxable value = Rs. 800
CGST = ₹ 72
SGST = ₹ 72
--------------------------------------
Step-by-step explanation:
Let the taxable value of car be Rs.100.
18 % GST
Total value =Rs 100 + Rs.18
= Rs.118
The total value is given to be Rs. 944.
For the total value of toy car Rs 118 ,the taxable value of toy car is Rs.100
∴ For total value of toy car Rs 944 , let the taxable value of toy car be Rs.x
Then x/944 = 100/118
Taxable value = Rs. 800
GST at 18% on Rs. 800
= 18/100 × 800
= Rs.144
We know that,
CGST= SGST = 1/2 GST
CGST = 144/2 = Rs. 72
SGST = 72 Rs
Thus,
Taxable value = Rs. 800
CGST = SGST = Rs. 72
Similar questions