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Paid Transport charges 10,000 @ 5% GST. Calculate CGST and SGST. - Book Keeping and Accountancy

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Question

Paid Transport charges ₹ 10,000 @ 5% GST. Calculate CGST & SGST.

Sum
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Solution

Transport Charges = 10,000

Rate of GST = 5%       GST = (CGST = SGST @ 2.5% Separately)

Amount of GST = 10,000 × `5/100` = 500

CGST = SGST = `500/2` = 250 Rs. each

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Chapter 3: Journal - Exercises [Page 83]
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