Question

Total invoice value of a toy car is ₹2596. Rate of GST is 18%. find the taxable value,CGST and SGST for this car.​

Answer 1

Answer:

The price of the toy car including GST = 1770

Now this price includes 18% GST, so

Let taxable value of toy be P, so

P + 18% of P = 1770

118% of P = 1770

118/100 * P = 1770

P = 1770 * 100 / 118

P = 1500

So, total GST amount = 1770 - 1500

Total GST = 270

For this 18% GST, CGST and SGST are 9% each

or, they are 2 equal halves of total GST

So, CGST = SGST = 270/2 = 135

I hope this answer are help you