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## ‘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

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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 996 views