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Product paid 18%,GST worth 12000 and sold 16000 then find the CGST AND SGST |
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Answer» product PAID 18%,GST worth 12000 and sold 16000 To find :CGST AND SGSTSolution :output tax = 18% of 16000= 18/100 × 16000= 18 × 160= 2880CGST = SGST = output tax/2= 2880/2= 1440 Extra information :Gain = SP - CPloss = CP - SPGain % = gain x 100/CPLoss % = LOSS x 100/CPSP = (100 + gain %) x CP/100CP = (100 - loss%) x CP/100Discount % = Discount x 100/market PRICE |
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