CameraIcon
CameraIcon
SearchIcon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
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?

Open in App
Solution

Number of bikes being serviced in a day = 45
Cost of servicing 1 bike = ₹500
Cost of servicing 45 bikes = 500×45 = ₹22500
Total GST being charged = 12%
CGST = 12× Total GST
CGST = 122 = 6%
6% of ₹22500 = 6100×22500 = ₹1350.
Hence ₹1350 CGST is being paid everyday.

flag
Suggest Corrections
thumbs-up
0
similar_icon
Similar questions
View More
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Introduction to Profitability Ratios
ACCOUNTANCY
Watch in App
Join BYJU'S Learning Program
CrossIcon