Paid Transport charges ₹ 10,000 @ 5% GST. Calculate CGST & SGST.

Question

Calculate the following:

Paid Transport charges ₹ 10,000 @ 5% GST. Calculate CGST & SGST.

Answer 1

Transport charges = ₹ 10,000 @ 5% GST.

CGST = Transport charges × 2.5%.

= 10,000 × \(\frac{2.5}{100}\)

= 10,000 × \(\frac{25}{1000}\)

= ₹ 250

SGST = Transport charges × 2.5%.

= 10,000 × \(\frac{2.5}{100}\)

= 10,000 × \(\frac{25}{1000}\)

= ₹ 250

Net value = 10,000 + 250 + 250 = ₹ 10,500.