Q. 64.4( 53 Votes )

‘Tiptop Electroni

Answer :

Given rate of CGST of AC = 14%


(1) We know that CGST and SGST are components of GST.


CGST is always equal to SGST.


SGST = 14%


(2) We know that GST = CGST + SGST.


GST = 14% + 14% = 28%


(3) We know that Total Value (with GST) = Taxable Value + GST


Given total value (with GST) = Rs. 51, 200


Let taxable value = x


51200 = x + 28% of x


=


= x + 0.28x


51200 = 1.28x


x = = 40000


x = Taxable Value = Rs. 40, 000


(4) We know that total GST = GST of Taxable value


GST = 28% of 40, 000


=


= Rs. 11, 200


(5) We know that CGST and SGST are components of GST.


CGST is always equal to SGST


i.e. GST = CGST + SGST


Let CGST and SGST be x.


Then GST = x + x


11200 = 2x


x = 5600


Hence CGST = Rs. 5600


(6) SGST = Rs. 5600


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