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On a certain article, if the rate of CGS...

On a certain article, if the rate of CGST is 9%, then find the payable GST on article of printed price Rupees 700.

Text Solution

Verified by Experts

The correct Answer is:
The payable GSTis Rupees126
The rate of CGST is 9%
The rate of GST `= 2 xx` the rate of CGST
`= 2 xx9% = 18%`
The taxable value of the article = the printed price of the article.
`:. ` GST = 18% of Rupees 700
`= ( 18)/( 100) xxRupees 700 = `Rupees 126
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