Question

the total value (with GST) of a remote -controlled toy car is rs 1770. Rate of GST is 18% on toys. find the taxable value ,CGST and SGST for this toy -car

Answer 1

Let the taxable value of the toy car be Rs $x$.

Rate of GST = $18$% (Given)

Taxable value of the toy car + Amount of GST = Rs $1770$.

$\therefore x+\frac{18}{100}x=1770$

$\Rightarrow \frac{118}{100}x=1770$

$\Rightarrow x=\frac{100}{118}\times 1770=1500$

So, the taxable value of the toy-car is Rs $1,500$.

Now,

Rate of CGST = Rate of SGST = $9$%.

$\therefore$ Amount of CGST on the toy-car = Amount of SGST on the toy-car

= $\frac{9}{100}\times 1500=135$ Rs.