Register Now

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Morbi adipiscing gravdio, sit amet suscipit risus ultrices eu. Fusce viverra neque at purus laoreet consequa. Vivamus vulputate posuere nisl quis consequat.

Register Now

Lost Password

Lost your password? Please enter your username and email address. You will receive a link to create a new password via email.

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

Print or Save

(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 28 views