Question

M/s Atharv traders sold a computer printer to Shraddha Electronics for taxable price of Rs. 10,000. Shraddha Electronics sold it to Mr. Omkarnath at Rs. 12,500 taxable price and retailer sold it to customer at Rs. 14,500 taxable price. The rate of GST is 18%, then find the CGST and SGST applicable at every transaction.

Answer 1

Given:

Goods: Computer printer.

Transactions:

1. M/s Atharv Traders → Shraddha Electronics: Taxable value = Rs. 10,000.

2. Shraddha Electronics → Mr. Omkarnath: Taxable value = Rs. 12,500.

3. Retailer → Customer: Taxable value = Rs. 14,500.

Rate of GST = 18% (GST is split equally into CGST and SGST).

Step-wise calculation: GST = `"Taxable value" xx 18/100; "CGST" = "SGST" = "GST"/2`.

1. Taxable value = Rs. 10,000

GST = `10000 xx 18/100`

= Rs. 1,800

CGST = `1800/2` 

= Rs. 900

SGST = Rs. 900

2. Taxable value = Rs. 12,500

GST = `12500 xx 18/100`

= Rs. 2,250

CGST = `2250/2`

= Rs. 1,125

SGST = Rs. 1,125

3. Taxable value = Rs. 14,500

GST = `14500 xx 18/100`

= Rs. 2,610

CGST = `2610/2`

= Rs. 1,305

SGST = Rs. 1,305