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‘M/S. Real Paint’ Sold 2 Tins of Lustre Paint and Taxable Value of Each Tin is Rs 2800. If the Rate of Gst is 28%, Then Find the Amount of Cgst and Sgst Charged in the Tax Invoice. - Algebra

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Question

‘M/s. Real Paint’ sold 2 tins of lustre paint and taxable value of each tin is Rs 2800. If the rate of GST is 28%, then find the amount of CGST and SGST charged in the tax invoice.

Solution

Total taxable value of 2 tins of lustre paint = Rs 2,800 × 2 = Rs 5,600

Rate of GST = 28%

∴ Rate of CGST = Rate of SGST = 14%

Amount of CGST charged = Amount of SGST charged =  \[\frac{14}{100} \times 5600\] = Rs 784

Thus, the amount of CGST charged is Rs 784 and the amount of SGST charged is Rs 784 in the tax invoice.

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Chapter 4: Financial Planning - Practice Set 4.1 [Page 87]

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Balbharati Algebra (Mathematics 1) [English] 10 Standard SSC Maharashtra State Board
Chapter 4 Financial Planning
Practice Set 4.1 | Q 3 | Page 87

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