what is the total bill amount 6 percent CGST and SGST
Answers
Answer:
The formula for GST calculation:
- Add GST: GST Amount = (Original Cost x GST%)/100. Net Price = Original Cost + GST Amount.
- Remove GST: GST Amount = Original Cost – [Original Cost x {100/(100+GST%)}] Net Price = Original Cost – GST amount
✌ THE FORMULA FOR GST SOLUTION : ✌
✒Add GST : GST Amount = (Original Cost x GST%)/100. Net Price = Original Cost + GST Amount.
✒Remove GST : GST Amount = Original Cost – [Original Cost x {100/(100+GST%)}] Net Price = Original Cost – GST Amount.
✍How do you calculate CGST :
✒GST can be calculated simply by multiplying the Taxable amount by GST rate. If CGST & SGST/UTGST is to be applied then CGST and SGST both amounts are half of the total GST amount. FOR EXAMPLES : GST including amount is Rs. 525 and GST rate is 5%...
✍How do you calculate SGST :
✒SGST is calculated on the total value of the goods sold, clubbing it with CGST. FOR EXAMPLES , if Mr. A buys goods worth ₹ 10 Lakh on an applicable GST of 12%, then SGST and CGST will be divided at equal proportions of 6% each...