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Question
The taxable value of a wristwatch belt is Rs 586. The rate of GST is 18%. Then what is the price of the belt for the customer ?
Sum
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Solution
The rate of GST is 18%.
The taxable value of the belt is ₹ 586
∴ GST on the belt = `18/100 xx 586`
= ₹ 105.48
The price of the belt for the customer
= Taxable value + GST
= ₹ (586 + 105.48)
= ₹ 691.48
∴ The price of the belt for the customer is ₹ 691.48.
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