Question

'Tiptop Electronics' supplied an $AC$ of $1.5$ ton to a company. Cost of the $AC$ supplied is $Rs.51,200$ (with $GST$). Rate of $CGST$ on $AC$ is $14\%$. Then find the following amounts as shown in the tax invoice of Tiptop Electronics.

• A. Rate of $SGST$
• B. Rate of $GST$ on $AC$
• C. Taxable value of $AC$
• D. Total amount of $GST$
• E. Amount of $CGST$
• F. Amount of $SGST$

Answer 1

The correct option is A Rate of $SGST$

According to the question

(i) Rate of SGST

We know that, rate of CGST and SGST is same of the product

Rate of CGST on AC = Rate pof SGST on AC = $14$

(ii) Rate of GST on AC = $14$ CGST + $14$ = $28$

(iii) Let taxable value of AC be $x$

Amount of GST = Cost of AC with GST - Taxable value of AC

$28$ of taxable value = $(51200-x)$

$28$ of $x$ = $51200-x$

$\frac{28}{100}\times x=51200-x$

$28x=100(51200-x)$

$28x+100x=5120000$

$128x=5120000$

$x=\frac{5120000}{128}$

$x=40,000$

(iv) Amount of GST = $51200-x$ $=51200-40000$

$=11200$

Amount of GST $=11,200$

(v) Amount of CGST $=14$ of taxable value

$\frac{14}{100}\times 40000=5600$

Amount of CGST $=5600$

(vi) Amount of SGST $=5600$

Therefor the SGST $=5600$