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ICSE Class 10 Answered

A shopkeeper sella an A.C. to Ms. Alka for rs 31200 including GST at the rate of 28%. If the shopkeeper and Ms. Alka both are from the same city, find for the shopkeeper: (i) total amount of GST (ii) taxable value of A.C. (iii) amount of CGST (iv) amount of SGST
Asked by varma.renu9481 | 03 Apr, 2023, 11:18: AM
answered-by-expert Expert Answer

Let the selling price of an A.C. = Rs. x

∴ x + 28% of x = 31200

⇒ x = Rs. 24375

⇒ Price of an A.C. without GST = Rs. 24375

(i)

GST = 28%

Total amount of GST = 28% of 24375 = Rs. 6825

 

(ii)

Taxable value of A.C. = Rs. 24375

 

(iii)

Amount of CGST = GST/2 = Rs. 3412.50

 

(iv)

Amount of SGST = GST/2 = Rs. 3412.50
Answered by Rashmi Khot | 03 Apr, 2023, 11:58: AM
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