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Q.

‘Tiptop Electronics’ supplied an AC of 1.5 the ton to the company. The cost of the AC supplied is Rs. 51,200 (with GST). Rate of CGST on AC is 14%. Then find the following amount as shown in the tax invoice of Tiptop Electronics. The rate of SGST, Rate of GST on AC, Taxable Value of AC, Total amount of GST, Amount of CGST, and Amount of SGST respectively.

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a

14%, 28%, 5600, 5600, 40000, 11200

b

14%, 28%, 40000, 11200, 5600, 5600

c

40000, 11200, 5600, 5600, 14%, 28% 

d

5600, 5600, 14%, 28%, 11200, 40000 

answer is B.

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Detailed Solution

Rate of SGST
We know the value of SGST and CGST are the same.
So, SGST=CGST    — (|)
      SGST=14%                                  (CGST=14%)
Rate of GST on AC
We know that GST is the sum of CGST and  SGST
GST=CGST+SGST
GST=14%+14% = 28%
Taxable value of AC
Let us consider the taxable value be =t.
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