Login

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. Real Paint’ sold 2 tins of lustre paint and taxable value of each tin is ₹2800. If the rate of GST in 28% then find the amount of CGST and SGST charged in the tax invoice.

Given :
Taxable value of each tin = ₹2800
No. of Tins = 2
Rate of GST = 28%
To find :
Amount of SGST, Amount of SGST

Print or Save

Sol.
(i)     We know that, the rate of CGST and rate of SGST is same
∴      28% rate of GST is divided into two equal parts.

∴      \(28\%\over2\) = 14%

∴     Rate of CGST = Rate of SGST = 14%

(ii)   Taxable value of each tin = ₹ 2800
∴    Taxable value of 2 tins
=     2800 × 2 = ₹5600
∴     Amount of CGST
=     14% of ₹5600

=     \({14\over 100} × 5600 \)  = ₹784
        ∴     Amount of CGST = ₹784

(iii)   ∴ Amount of SGST = ₹784

Financial Planning for Math I September 15 , 2018 0 Comments 1148 views