the total value with GST of Remote control toy car rupees 1770. rate o

1.	the total value with GST of Remote control toy car rupees 1770. rate of GST is 18% of toys find the taxable value of c.g.s.t and s.g.s.t for this toy car
Answer» The price of the toy car including GST = 1770 Now this price includes 18% GST, so Let taxable value of toy be P, so P + 18% of P = 1770 118% of P = 1770 118/100 * P = 1770 P = 1770 * 100 / 118 P = 1500 So, total GST amount = 1770 - 1500 Total GST = 270 For this 18% GST, CGST and SGST are 9% each or, they are 2 equal halves of total GST So, CGST = SGST = 270/2 = 135

the total value with GST of Remote control toy car rupees 1770. rate of GST is 18% of toys find the taxable value of c.g.s.t and s.g.s.t for this toy car

Answer»

The price of the toy car including GST = 1770

Now this price includes 18% GST, so

Let taxable value of toy be P, so

P + 18% of P = 1770

118% of P = 1770

118/100 * P = 1770

P = 1770 * 100 / 118

P = 1500

So, total GST amount = 1770 - 1500

Total GST = 270

For this 18% GST, CGST and SGST are 9% each

or, they are 2 equal halves of total GST

So, CGST = SGST = 270/2 = 135