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in Mathematics by (69.7k points)

Arati Gas Agency supplied LPG cylinder to the consumer for taxable value of Rs.545. GST charged is 5%. What is the amount of CGST and SGST in the tax invoice ? What is the total amount paid by the consumer ? Find the amount of GST to be paid by Arati Gas Agency.

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Best answer

Rate of GST = 5% 

Rate of CGST 2.5%, and Rate of SGST = 2.5%. 

CGST = 2.5/100 x 545 = 13.625 = Rs.13.63 

SGST = CGST = Rs.13.63 

Amount paid by the consumer = Taxable value + CGST + SGST 

= 545 + 13.63 + 13.63 

= 572.26

 Arati Gas Agency has to pay CGST = Rs.13.63. and SGST = Rs.13.63 

Total GST to be paid = 13.63 x 2 = Rs.27.26.

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