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Question
‘Tiptop Electronics’ supplied an AC of 1.5 ton to a company. Cost of the AC supplied is Rs 51,200 (with GST). Rate of CGST on AC is 14%. Then find the following amounts as shown in the tax invoice of Tiptop Electronics.
(3) Taxable value of AC
Solution
(3) Let the taxable value of AC be Rs x.
Taxable value of AC + Amount of GST = Rs 51,200
\[\therefore x + \frac{28}{100} \times x = 51200\]
\[ \Rightarrow \frac{128}{100}x = 51200\]
\[ \Rightarrow x = \frac{100}{128} \times 51200 = 40000\]
So, the taxable value of AC is Rs 40,000.
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