Cost of one kg sweets is rupees 500 GST of 5percent is charged find amount of GST, CGST, SGST and amount given by customers for one kg sweets
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Cost of one kg sweets is rupees 500 GST of 5percent is charged find amount of GST, CGST, SGST and amount given by customers for one kg sweets
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Answer:
25 - 26 = 35 (85 - 65 = 652)
Verified answer
Answer:
GST = Rs 25
CGST = Rs 12.5
SGST = Rs 12.5
Amount given by customers for one kg sweets = Rs 525
Step-by-step explanation:
Given :
• Cost of one kg sweets is Rs 500
• GST rate 5 %
To find :
• GST
• CGST
• SGST
•Amount given by customers for one kg sweets
Solution :
GST rate = 5 %
5 % of 500
GST Amount = (GST x Original cost of the product or service) / 100
⇒ 5 × 500 / 100
⇒ 25
⇒ Rs 25
GST (5%) is made up of CGST and SGST
⇒ CGST = 2.5 %
⇒ SGST = 2.5 %
Therefore,
CGST = Rs 12.5
SGST = Rs 12.5
Amount given by customers :
Net Price = Original cost of the product or service + GST amount
⇒ 500 + 25
⇒ 525
Amount given by customers = Rs 525
Hence,
GST = Rs 25
CGST = Rs 12.
SGST = Rs 12.5
Amount given by customers for one kg sweets = Rs 525