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A trader purchased cosmetics worth Rupee...

A trader purchased cosmetics worth Rupee 8000 and sold it to a customer for Rupee 10,000. The rate of GST is 18%. Complete the following activity to calculate CGST and SGST paid by the trader.

Text Solution

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Activity `:`
Input tax by the trader `= 18 % ` of Rupee 8000
`= ( 18)/( 100) xx 8000 `
`= Rupee 1440`
`:. ` ITC for the trader `= Rupee1440 `
Output tax ( Tax collected on sale ) `= 18%` of Rupee 10000
`= ( 18)/( 100) xx 10000`
` = Rupee 1800`
`:. ` GST to be paid by the trader
`= `Output tax - ITC
`= Rupee 360`
CGST = SGST `= ( 1)/(2) xx`GST `= Rupee 180`
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