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


Rate this question :

How useful is this solution?
We strive to provide quality solutions. Please rate us to serve you better.
Try our Mini CourseMaster Important Topics in 7 DaysLearn from IITians, NITians, Doctors & Academic Experts
Dedicated counsellor for each student
24X7 Doubt Resolution
Daily Report Card
Detailed Performance Evaluation
caricature
view all courses
RELATED QUESTIONS :

Anna Patil (ThaneMHB - Mathematics Part-1

Nazama is a proprMHB - Mathematics Part-1

Malik Gas Agency MHB - Mathematics Part-1

Prepare Business MHB - Mathematics Part-1

A dealer has giveMHB - Mathematics Part-1

For the given traMHB - Mathematics Part-1

A wholesaler purcMHB - Mathematics Part-1

A ready-made garmMHB - Mathematics Part-1

A trader from SurMHB - Mathematics Part-1

M/s Beauty ProducMHB - Mathematics Part-1