To top Electronics supplied an Act
company. The cost of AC supplied
1. ()
with GST). The rate of CGST on Act
Then find the following amounts
in invoice of Tip top Electronics
of GST Rate of GST on AC
The value of AD Total amount of
GST of CGST Amount of SGST
Answers
Step-by-step explanation:
According to the question
(i) Rate of SGST
We know that, rate of CGST and SGST is same of the product
Rate of CGST on AC = Rate pof SGST on AC = 14%
(ii) Rate of GST on AC = 14% CGST + 14% = 28%
(iii) Let taxable value of AC be x
Amount of GST = Cost of AC with GST - Taxable value of AC
28% of taxable value = (51200−x)
28% of x = 51200−x
28/100 × x =51200−x
28x=100(51200−x)
28x+100x=5120000
128x=5120000
x=5120000 / 128
x=40,000
(iv) Amount of GST = 51200−x =51200−40000
=11200
Amount of GST =11,200
(v) Amount of CGST =14% of taxable value
14 / 100 ×40000=5600
Amount of CGST =5600
(vi) Amount of SGST =5600
Therefor the SGST =5600
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