Question

‘Tiptop Electronics' supplied an AC of 1.5 ton to a company. Cost of the AC
supplied is 51,200 (with GST). Rate of CGST on AC is 14%. Then find
the following amounts as shown in the tax invoice of Tiptop Electronics.
(1) Rate of SGST (2) Rate of GST on AC (3) Taxable value of AC
(4) Total amount of GST (5) Amount of CGST (6) Amount of SGST
​

Answer 1

Answer:

Step-by-step explanation:

Rate of CGST on Ac=14%

Rate of SGST=14%

Rate of GST on AC=CGST+SGST

                              =14+14=28%

If taxable value of ac is 100 then total value[with gst]=100+28=128

if taxable  value is x then total value with gst=51200

100/x=128/51200

x=51200*100/128

 =40000

Taxable value of ac is 40000

Total GST=Total cost-Taxable value

               =51200-40000

               =11200

CGST=11200/2

         =5600

SGST=5600

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