Samson TV brand sells its television sets at a price which involves 18% GST. If Samson sells its TV sets across states and the GST per set being collected is ₹1260, what would be the total amount charged for each television set?
[2 Marks]
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Solution
Let the selling price of the television be ₹x.
⇒ Taxable value = ₹x
[0.5 Marks]
GST rate = 18%
GST paid = ₹1260 (given)
⇒18%ofx=₹1260
⇒x=1260×10018=₹7000
[1 Mark]
Total amount charged for each television
= Price of the television set + GST
= ₹7000 + ₹1260 = ₹8260
∴ Total amount charged for each television set is ₹8260. [0.5 Marks]