Question

Anna Patil (Thane, Maharashtra) supplied vacuum cleaner to a shopkeeper in Vasai (Mumbai) for the taxable value of Rs 14,000, and GST rate of 28%. Shopkeeper sold it to the customer at the same GST rate for Rs16,800 (taxable value) Find the following – 

 What is the CGST and SGST payable by shopkeeper in Vasai at the time of filing the return.

 

Answer 1

Rate of GST is 28%
GST payable by shopkeeper in Vasai = Output tax of shopkeeper in Vasai − Input tax credit of shopkeeper in Vasai = Rs 4,704 − Rs 3,920 = Rs 784

∴ CGST payable by shopkeeper in Vasai = SGST payable by shopkeeper in Vasai =  \[\frac{\text{ GST payable by shopkeeper in Vasai} }{2} = \frac{784}{2}\]  = Rs 392

Thus, the CGST and SGST payable by shopkeeper in Vasai at the time of filing the return is Rs 392.