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Question
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 ?
Solution
Printed price of showpiece = Rs 25,000
Discount on showpiece = 10% of Rs 25,000
= `10/100 xx 25000`
= Rs 2,500
Taxable value of showpiece = Rs 25,000 − Rs 2,500
= Rs 22,500
Rate of GST = 28%
Amount of GST on showpiece = 28% of Rs 22,500
= `28/100 xx 22500`
= Rs 6,300
∴ Purchase price of showpiece = Taxable value of showpiece + Amount of GST on showpiece
= Rs 22,500 + Rs 6,300
= Rs 28,800
So, the total amount shown in the tax invoice is Rs 28,800.
Now,
Amount of CGST = Amount of SGST = `1/2` × Amount of GST on a showpiece
= `1/2 xx 6300`
= Rs 3,150
Thus, the amount of CGST is Rs 3,150 and the amount of SGST is Rs 3,150.
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