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Real Life Scenarios Based on GST

Mrs. Pandey p...

Question

Mrs. Pandey paid ₹990 each as SGST on the health insurance premium she paid for her family of 4 members including herself. What was the total premium she paid excluding GST if the rate of GST was 18%.

A

₹40000

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B

₹36000

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C

₹44000

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D

₹54000

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Solution

The correct option is C ₹44000
GST = 18%
Hence SGST = $\frac{G S T}{2}$ = $\frac{18}{2}$ = 9%
Let the premium paid for 1 member be ₹x
9% of x = ₹990
$\Rightarrow$ x = $\frac{990 \times 100}{9}$ = ₹11000
$∴$ Premium paid for 4 members excluding GST = 11000 $\times$ 4 = ₹44000.

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