The taxable value of a wrist watch belt is Rs. 586. Rate of GST is 18%. Then what is price of the belt for the customer?

Given rate of GST = 18%
Taxable value of wrist watch belt = Rs.586
We know that CGST and SGST are components of GST.
CGST is always equal to SGST
i.e. GST = CGST + SGST
Let CGST and SGST be x.
Then GST = x + x
⇒ 18 = 2x
⇒ x = 9%
Hence CGST, SGST = 9%
We know that CGST =

⇒ CGST =

= Rs.52.74
∵ CGST = SGST
∴ SGST = Rs.52.74
We know that price of a customer = Taxable value + CGST + SGST
∴ Price of belt for customer = 586 + 52.74 + 52.74
= 691.48