Question

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

Answer 1

Answer: 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

Answer 2

Answer:

800 is the correct answer