Mathematics
A dealer in Mumbai sold a telescope to an end-user in Bangalore. The marked price of the telescope was ₹ 25000 and the dealer offered a discount of 20%. If the rate of GST is 28%, calculate the IGST, CGST and SGST charged from the end-user. Also determine the total amount of bill.
GST
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Answer
Given :
Marked price = ₹ 25,000
Discount percentage = 20%
GST rate = 28%
As the transaction is inter-state, so only IGST is applicable.
Discount = 20% of ₹ 25,000
= ₹ 25,000 × = ₹ 5,000
Discounted price = ₹ 25,000 - ₹ 5,000 = ₹ 20,000
IGST = 28% of ₹ 20,000
= 20,000 × = ₹ 5,600
Total bill amount = ₹ 20,000 + ₹ 5,600 = ₹ 25,600
Hence, IGST = ₹ 5,600, CGST = ₹ 0, SGST = ₹ 0 and Total Bill Amount = ₹ 25,600.
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