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Mathematics

Ms. Pratima took Health Insurance Policy for her family and paid ₹ 900 as SGST. Find the total annual premium, including GST, paid by her for this policy. The rate of GST being 18%.

GST

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Answer

Given, GST = 18%,

∴ SGST = 9%.

Let annual premium be ₹ x.

Given, SGST = ₹ 900.

900=9100×xx=900×1009x=10000.\therefore 900 = \dfrac{9}{100} \times x \\[1em] \Rightarrow x = \dfrac{900 \times 100}{9} \\[1em] \Rightarrow x = 10000.

We know that, CGST = SGST.

∴ Amount = Premium + CGST + SGST = ₹ 10000 + ₹ 900 + ₹ 900 = ₹ 11800.

Hence, the annual premium including GST = ₹ 11800.

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