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GST Payable

The cost of b...

Question

The cost of bike servicing in Delhi is ₹500. The GST charged on it is 12%. If 45 bikes are being serviced in a day, what is the GST being paid to the Central Government everyday?

A

₹1380

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B

₹1350

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C

₹1160

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D

₹1255

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Solution

The correct option is B ₹1350
Number of bikes being serviced in a day = 45
Cost of servicing 1 bike = ₹500
Cost of servicing 45 bikes = 500 $\times$ 45 = ₹22500
Total GST being charged = 12%
CGST = $\frac{1}{2} \times$ Total GST
CGST = $\frac{12}{2}$ = 6%
6% of ₹22500 = $\frac{6}{100} \times 22500$ = ₹1350.
Hence ₹1350 CGST is being paid everyday.

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