Question

A shopkeeper sells an A.C. to Ms. Alka for ₹ 31,200 including GST at the rate of 28%. If the shopkeeper and Ms. Alka both are from the same city, find for the shopkeeper:

1. total amount of GST
2. taxable value of A.C.
3. amount of CGST
4. amount of SGST

Answer 1

Given: Selling price of an AC = ₹ 31200

Rate of GST = 28%

Suppose the Taxable value of an AC = ₹ x

∴ S.P = Taxable value + GST

31200 = ₹ x + 28% of ₹ x

31200 = `₹ x + (28x)/100`

`\implies` 31200 = `(128x)/100`

x = `31200 xx 100/128`

∴ x = ₹ 24375

i. Total Amount of GST = ₹ 24375 × 28%

= `₹ 24375 xx 28/100`

= ₹ 6825

ii. Taxable value of AC is ₹ 24375.

iii. Given, GST = 28%

∴ CGST = 14%

`\implies 14/100 xx 24375` = ₹ 3412.50

Hence, CGST = ₹ 3412.50

iv. Given, GST = 28%

∴ SGST = 14%

`\implies 14/100 xx 24375` = ₹ 3412.50

Hence, SGST = ₹ 3412.50