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.  

1. Rate of SGST

2. Rate of GST on AC

3. Taxable value of AC 

4. Total amount of GST

5. Amount of CGST 

6. Amount of SGST

Answer 1

According to the question 

1) We know that CGST and SGST are components of GST.

CGST is always equal to SGST.

∴ SGST = 14%

(ii) We know that GST = CGST + SGST.

GST = 14% + 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

`28/100 xx x = 51200-x`

28x =100(51200-x) 

28x + 100x = 5120000

128x = 5120000

x = `5120000/128`

x = 40,000

 

(iv) We know that total GST = GST of Taxable value

∴ GST = 28% of 40, 000

=`28/100 xx 40000`

= Rs. 11, 200

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

`14/100 xx 40000 = 5600`

Amount of CGST = 5600

 

(vi) Amount of SGST = 5600

Therefor the  SGST = 5600