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Question
A trading company paid 18% GST on its product worth ₹ 15,000 and sold it to a customer for ₹ 21,000. What are the amounts of CGST and SGST shown in the tax invoice issued?
Solution
Input tax = 18% of ₹ 15,000
= `18/100 xx 15,000`
= ₹ 2,700
Output tax = 18% of ₹ 21,000
= `18/100 xx 21,000`
= ₹ 3,780
GST payable = Output tax – Input tax
= 3,780 – 2,700
= ₹ 1,080
So CGST = SGST = `1/2` GST = `1/2` × 1080 = ₹ 540
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(2) Jigsaw Puzzles 50, HSN 9503, Rate - Rs. 100 GST 12%.
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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 | |||||||
