Question

‘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.

i. Rate of SGST 

ii. Rate of GST on AC 

iii. Taxable value of AC 

iv. Total amount of GST 

v. Amount of CGST 

vi. Amount of SGST

Answer 1

i. Rate of CGST = 14% 

But, Rate of SGST = Rate of CGST 

∴ Rate of SGST = 14%

ii. Rate of GST on AC 

= Rate of SGST + Rate of CGST 

= 14% + 14% = 28% 

∴ Rate of GST on AC is 28%.

iii. Let the cost (Taxable value) of AC be Rs. 100.

Given, GST = 28%

∴ The cost of AC with GST is Rs. 128.

For the total value of Rs. 128, the taxable value is Rs. 100.

For the total value of Rs. 51200, let the taxable value be Rs. x

∴ Taxable value of AC is Rs. 40,000.

iv. Total amount of GST = 28% of taxable value

= 28/100 × 40000

= Rs. 11,200 

∴ Total amount of GST is Rs. 11,200. 

∴ Amount of CGST is Rs. 5600.

vi. Amount of SGST = Amount of CGST 

= Rs. 5600 

Amount of SGST is Rs. 5600.