total value of remote is 1770 rate of hat is 18% find cgst and sgst and taxable value
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Answered by
17
Total cost of toy including GST = 1770
GST rate = 18%
Taxable Value is our Rate excluding GST.
So, 1770 = Rate excluding GST + 18% of Rate excluding GST
Let Rate excluding GST = p, so
p + 18% of p = 1770
p + 0.18p = 1770
1.18p = 1770
p = 1770/1.18
p = 1500
Taxable Value = 1500
GST = 18% of 1500
GST = [ 0.18 X 1500 ] or [ 1770 - 1500 ]
GST = 270
CGST = 9% and SGST = 9%, which together form GST = 18%
CGST = SGST = GST / 2
CGST = SGST =270/2 = 135
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Answered by
7
hey
Total cost of toy including GST = 1770
GST rate = 18%
Taxable Value is our Rate excluding GST.
So, 1770 = Rate excluding GST + 18% of Rate
excluding GST
Let Rate excluding GST = p, so
p + 18% of p = 1770
p + 0.18p = 1770
1.18p = 1770
p = 1770/1.18
p = 1500
Taxable Value = 1500
GST = 18% of 1500
GST = [ 0.18 X 1500 ] or [ 1770 - 1500 ]
GST = 270
CGST = 9% and SGST = 9%, which together
form GST = 18%
CGST = SGST = GST / 2
CGST = SGST =270/2 = 135
Total cost of toy including GST = 1770
GST rate = 18%
Taxable Value is our Rate excluding GST.
So, 1770 = Rate excluding GST + 18% of Rate
excluding GST
Let Rate excluding GST = p, so
p + 18% of p = 1770
p + 0.18p = 1770
1.18p = 1770
p = 1770/1.18
p = 1500
Taxable Value = 1500
GST = 18% of 1500
GST = [ 0.18 X 1500 ] or [ 1770 - 1500 ]
GST = 270
CGST = 9% and SGST = 9%, which together
form GST = 18%
CGST = SGST = GST / 2
CGST = SGST =270/2 = 135
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