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| 1. |
A trader sold ceiling fans for 56,000 (with GST). The rate of GST is 12%. Find the amount ofCGST and SGST payable by the trader. Also findthe taxable value of the ceiling fans sold. |
| Answer» EXPLANATION:ANS- 56000×12÷100 560×12=6720 GST=6720/-CGST=SGST=1/2GSTCGST=SGST=6720÷2=3360/-Actual VALUE of CELLING FAN -49280/-Taxable value of celling fan is 6720/- | |