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.

Answer 1

Taxable value of 1 tin = Rs. 2800 

∴ Taxable value of 2 tins = 2 × 2800 = Rs. 5600 

Rate of GST = 28 % 

∴ Rate of CGST = Rate of SGST = 14 % CGST = 14% of taxable value 14 

= 14/100 × 5600 .

∴ CGST = Rs. 784

∴ SGST = CGST = Rs. 784 

∴ The amount of CGST and SGST charged in the tax invoice is RS. 784 each.