A dealer has given 10% discount on a showpiece of Rs. 25,000. GST of

1.	A dealer has given 10% discount on a showpiece of Rs. 25,000. GST of 28% was charged on the discounted price. Find the total amount shown in the tax invoice. What is the amount of CGST and SGST
Answer» Printed price of showpiece = Rs. 25,000, Rate of discount = 10% ∴ Amount of discount = 10% of printed price = 10/100 × 25000 = Rs. 2500 ∴ Taxable value = Printed price – discount = 25,000 – 2500 = Rs. 22,500 Rate of GST = 28% ∴ Rate of CGST = 14% and Rate of SGST = 14% CGST = 14% of taxable value = 14/100 × 22500 = Rs.3150 ∴ CGST = SGST = Rs.3150 ∴ Total amount of tax invoice = Taxable value + CGST + SGST = 22500 + 3150 + 3150 = Rs.28,800 ∴ The total amount shown in the tax invoice is Rs.28,800, and the amount of CGST and SGST is Rs.3150 each.

A dealer has given 10% discount on a showpiece of Rs. 25,000. GST of 28% was charged on the discounted price. Find the total amount shown in the tax invoice. What is the amount of CGST and SGST

Answer»

Printed price of showpiece = Rs. 25,000, Rate of discount = 10%

∴ Amount of discount = 10% of printed price

= 10/100 × 25000

= Rs. 2500

∴ Taxable value = Printed price – discount

= 25,000 – 2500 = Rs. 22,500

Rate of GST = 28%

∴ Rate of CGST = 14% and

Rate of SGST = 14%

CGST = 14% of taxable value

= 14/100 × 22500 = Rs.3150

∴ CGST = SGST = Rs.3150

∴ Total amount of tax invoice

= Taxable value + CGST + SGST

= 22500 + 3150 + 3150

= Rs.28,800

∴ The total amount shown in the tax invoice is Rs.28,800, and the amount of CGST and SGST is Rs.3150 each.

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