Question

A businessmen supplied CCTV camera sets for police control room, worth of ₹ 1,77,000. The rate of GST is 18%. Then find the amount of SGST and CGST. Also find the taxable price of CCTV sets.

Answer 1

Given: Price of CCTV camera set = ₹ 1,77,000

Rate of GST = 18%

The taxable value is the rate minus GST.

Let the rate excluding GST be equal to x.

Then, ₹ 1,77,000 = Rate excluding GST + 18% of rate excluding GST

⇒ ₹ 1,77,000 = x + 18% × x

₹ 1,77,000 = `x + 18/100 xx x = (100x + 18x)/100 = (118x)/100`

⇒ ₹ 1,77,000 = 1.18x

⇒ x = 1,50,000

Thus, the taxable value is ₹ 1,50,000.

So, GST = ₹ 1,77,000 – ₹ 1,50,000

= ₹ 27,000

So, CGST = SGST = `("GST")/2`

= `(27,000)/2`

= ₹ 13,500

Hence, the taxable value is ₹ 1,50,000 and CGST and SGST is ₹ 13,500.