ICSE Class 10 Answered
Rohit purchased an article and paid GST of Rs. 10,400. He sold the article to Manish and collected GST of Rs. 11,000. Geeta purchased the same article from Manish and paid GST of Rs. 11,800. Find the amount of SGST and CGST payable at each stage if each transaction is intra state.
Asked by varma.renu9481 | 05 Apr, 2023, 11:57: AM
Expert Answer
For Rohit:
Input tax = Rs. 10,400
Output tax = Rs. 11,000
GST paid by Rohit = Output tax – Input tax = Rs. 600
SGST = CGST = Rs. 300
For Manish:
Input tax = Rs. 11000
Output tax = Rs. 11800
∴ GST paid by Manish = 11800 – 11000 = Rs. 800
∴ SGST = CGST = Rs. 400
Answered by Rashmi Khot | 05 Apr, 2023, 03:57: PM
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