Chapter: Financial Planning· Mathematics Part 1 (Algebra)

Asked in: June 2026 board paperQ.10 M/s. Jay Chemicals purchased a liquid soap having taxable value ₹ 8,000 and sold it to the consumers for the taxable value ₹ 10,000. Rate of GST is 18%. Find the CGST and SGST payable by M/s. Jay Chemicals.Activity…

Asked in: June 2026 board paper

Q.10 M/s. Jay Chemicals purchased a liquid soap having taxable value ₹ 8,000 and sold it to the consumers for the taxable value ₹ 10,000. Rate of GST is 18%. Find the CGST and SGST payable by M/s. Jay Chemicals.

Activity:
Input Tax = 18% of 8000 = \(\dfrac{\text{____}}{100}\) × 8000 = ₹ ____
\(\therefore\) ITC = ₹ 1440
Output Tax = 18% of 10,000 = \(\dfrac{18}{100}\) × ____ = ₹ ____
\(\therefore\) GST payable = Output tax − ____ = ____ − 1440 = ₹ 360
\(\therefore\) Payable CGST = ₹ 180 and Payable SGST = ₹ 180 by M/s. Jay Chemicals.

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Answer: CGST payable = ₹ 180 and SGST payable = ₹ 180

Input tax = \(\dfrac{18}{100} \times 8000\) = ₹ 1,440. This tax was paid while buying, so ITC = ₹ 1,440.

Output tax = \(\dfrac{18}{100} \times 10000\) = ₹ 1,800

GST payable = Output tax − ITC = 1800 − 1440 = ₹ 360

CGST payable = SGST payable = 360 ÷ 2 = ₹ 180 each.

Blanks in order: 18, 1440, 10000, 1800, ITC, 1800.

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Asked in: June 2026 board paperQ.10 M/s. Jay Chemicals purchased a liquid soap having taxable value ₹ 8,000 and sold it to the consumers for the taxable value ₹ 10,000. Rate of GST is 18%. Find the CGST and SGST payable by M/s. Jay Chemicals.Activity…

1 answer

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