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## M/s Beauty Products paid 18% GST on cosmetics worth ₹ 6000 and sold to a customer for ₹ 10,000. What are the amounts of CGST and SGST shown in the tax invoice issued?Given : For tax invoice issued, Rate of GST = 18%, Taxable value of cosmetics = ₹10,000 To find : Amount of CGST and amounts of SGST shown in tax invoice

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Sol.
(i)  GST payable = 18% of ₹10,000

= ${18\over 100} × 10000$

=  ₹1800

(ii) We know that,
CGST and SGST amounts is similar for the article and GST amount is divided into two equal parts for it.

∴       CGST amount   = $1800\over 2$

= ₹900

and SGST amount = $1800\over 2$

= ₹900
Ans. The amount of CGST and SGST shown in the tax invoice issued is ₹900 each.

Financial Planning for Math I September 15 , 2018 0 Comments 434 views