Chapter: Financial Planning· Mathematics Part 1 (Algebra)
Answer: CGST = ₹ 4,050, SGST = ₹ 4,050; Shreekar paid ₹ 53,100
Discount = 10% of 50,000 = ₹ 5,000
Taxable value = 50,000 − 5,000 = ₹ 45,000 (GST is charged on the price after discount.)
Rate of GST = 18%, so rate of CGST = rate of SGST = 9%.
CGST = \(\dfrac{9}{100} \times 45000\) = ₹ 4,050; SGST = ₹ 4,050
Total amount paid = 45,000 + 4,050 + 4,050 = ₹ 53,100