M/s. Jay Chemicals purchase a liquid soap having taxable value $R s 8, 000$ and sold it to the consumer for the taxable value $R s 10, 000$ . Rate of GST is $18 %$ , find the CGST and SGST payable by M/s. Jay Chemical.

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Solution

We have,

GST $= 18$

Taxable value $= R s . 8000$

Consumer for the taxable value $= R s . 10, 000$

CGST $= ?$

SGST $= ?$

We know that,

Payment = Consumer taxable value-Taxable value

Payment $= 10000 - 8000$

$= 2000$

Now,

$18$ GST of $R s . 2000$

So,

$2000 \times \frac{18}{100}$

$= R s . 360$

So,

$C G S T = S G S T = \frac{360}{2}$

$C G S T = S G S T = R s . 180$

Hence, this is the answer.

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Anna Patil supplied vacuum cleaner to a shopkeeper in Vasai for the taxable value of Rs

14, 000

and

G S T

rate of

28 %

.Shopkeeper sold it to the customer at the same

G S T

rate for Rs.

16, 800

(taxable value).Find the following:

(1)

Amount of

C G S T

and

S G S T

shown in the tax invoice issued by Anna Patil.

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Amount of

C G S T

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charged by the shopkeeper in Vasai.

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M/s. Jay Chemicals purchase a liquid soap having taxable value Rs 8,000 and sold it to the consumer for the taxable value Rs 10,000. Rate of GST is 18%, find the CGST and SGST payable by M/s. Jay Chemical.

We have, GST=18 Taxable value =Rs.8000 Consumer for the taxable value=Rs.10,000 CGST=? SGST=? We know that, Payment = Consumer taxable value-Taxable value Payment=10000−8000 =2000 Now, 18 GST of Rs.2000 So, 2000×18100 =Rs.360 So, CGST=SGST=3602 CGST=SGST=Rs.180 Hence, this is the answer.

M/s. Jay Chemicals purchase a liquid soap having taxable value $R s 8, 000$ and sold it to the consumer for the taxable value $R s 10, 000$ . Rate of GST is $18 %$ , find the CGST and SGST payable by M/s. Jay Chemical.