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Question
A businessmen supplied CCTV camera sets for police control room, worth of ₹ 1,77,000. The rate of GST is 18%. Then find the amount of SGST and CGST. Also find the taxable price of CCTV sets.
Solution
Given: Price of CCTV camera set = ₹ 1,77,000
Rate of GST = 18%
The taxable value is the rate minus GST.
Let the rate excluding GST be equal to x.
Then, ₹ 1,77,000 = Rate excluding GST + 18% of rate excluding GST
⇒ ₹ 1,77,000 = x + 18% × x
₹ 1,77,000 = `x + 18/100 xx x = (100x + 18x)/100 = (118x)/100`
⇒ ₹ 1,77,000 = 1.18x
⇒ x = 1,50,000
Thus, the taxable value is ₹ 1,50,000.
So, GST = ₹ 1,77,000 – ₹ 1,50,000
= ₹ 27,000
So, CGST = SGST = `("GST")/2`
= `(27,000)/2`
= ₹ 13,500
Hence, the taxable value is ₹ 1,50,000 and CGST and SGST is ₹ 13,500.
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Fill in the boxes with the help of the given information:
| Tax invoice of services provided (Sample) | ||||||||
| Food Junction, Khed - Shivapur, Pune | Invoice no. 58 | |||||||
| Mob no. 7588580000, email - [email protected] | ||||||||
| GSTIN: 27AAAAA5555B1ZA | Invoice Date: 25 Feb., 2020 | |||||||
| SAC | Food items |
Qty | Rate (in ₹) |
Taxable amount |
CGST | SGST | ||
| 9963 | Coffee | 1 | 20 | 20.00 | 2.5% | ₹ 0.50 | 2.5% | `square` |
| 9963 | Masala Tea | 1 | 10 | 10.00 | `square` | ₹ 0.25 | 2.5% | `square` |
| 9963 | Masala Dosa | 2 | 60 | `square` | 2.5% | `square` | 2.5% | ₹ 3.00 |
| Total | 150.00 | `square` | ₹ 3.75 | |||||
| Grand Total | = ₹ 157.50 | |||||||
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Total value for toy car with GST = ₹ 2360
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∴ Taxable value for toy car is ₹ `square`
