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. 

(3) Taxable value of AC

Answer 1

(3) Let the taxable value of AC be Rs x.

Taxable value of AC + Amount of GST = Rs 51,200

\[\therefore x + \frac{28}{100} \times x = 51200\]
\[ \Rightarrow \frac{128}{100}x = 51200\]
\[ \Rightarrow x = \frac{100}{128} \times 51200 = 40000\]

So, the taxable value of AC is Rs 40,000.