Maharashtra State BoardHSC Commerce 11th
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Ashwin Auto Automobiles sold 10 motorcycles. The total sales amount was Rs. 680000. 18% of GST is applicable. Calculate how much CGST and SGST the firm has to pay. - Mathematics and Statistics

Sum

Ashwin Auto Automobiles sold 10 motorcycles. The total sales amount was Rs. 680000. 18% of GST is applicable. Calculate how much CGST and SGST the firm has to pay.

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Solution

Given, the total sales amount for Ashwin Automobiles was ₹ 6,80,000. 18% of GST is applicable.

∴ GST payable = 18% of 6,80,000

= `18/100 xx 6,80,000` = ₹ 1,22,400

Now CGST = SGST = 9%

= `"GST payable"/2`

= `(1,22,400)/2`

= ₹ 61,200

∴ CGST = SGST = ₹ 61,200

Concept: Goods and Service Tax (GST)
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Balbharati Mathematics and Statistics 2 (Commerce) 11th Standard HSC Maharashtra State Board
Chapter 9 Commercial Mathematics
Miscellaneous Exercise 9 | Q 17 | Page 144
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