Q. 64.4( 51 Votes )

# ‘Tiptop Electronics’ supplied an AC of 1.5 ton to a company. Cost of the AC supplied is Rs. 51,200 (with GST). Rate of CGST on AC is 14%. Then find the following amounts as shown in the tax invoice of Tiptop Electronics.

(1) Rate of SGST

(2) Rate of GST on AC

(3) Taxable value of AC

(4) Total amount of GST

(5) Amount of CGST

(6) Amount of SGST

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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