Q. 44.4( 30 Votes )

Malik Gas Agency

Answer :

Input Tax = 5% of 24,500

= Rs. 1225

Output Tax = 5% of 26, 500

= Rs. 1325

We know that GST Payable = Output Tax – ITC

∴ GST Payable = 1325 – 1225

= Rs. 100

We know that CGST and SGST are components of GST.

CGST is always equal to SGST

i.e. GST = CGST + UTGST

Let CGST and UTGST be x.

Then GST = x + x

⇒ 100 = 2x

⇒ x = 50

∴ CGST, UTGST = Rs. 50

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