Question:

On April 5, sold goods for cash ₹ 4,000 plus CGST and SGST at 6% each and paid immediate expenses of ₹ 2,500.

Calculate the total amount received and the net amount after expenses.



Answer :

Sure, let's solve this step-by-step in a detailed manner.

### Calculating CGST and SGST

1. Determine the sold amount:
The sold amount for the goods is ₹4000.

2. Calculate CGST (Central Goods and Services Tax):
The CGST rate is 6%.
To find the CGST, multiply the sold amount by the CGST rate:
[tex]\[ \text{CGST} = 4000 \times 0.06 = ₹240.0 \][/tex]

3. Calculate SGST (State Goods and Services Tax):
The SGST rate is also 6%.
To find the SGST, multiply the sold amount by the SGST rate:
[tex]\[ \text{SGST} = 4000 \times 0.06 = ₹240.0 \][/tex]

### Rent Paid

4. Determine the rent paid:
The rent paid is ₹2500.

### Total Amount Received

5. Calculate the total amount received:
To find the total amount received, add the sold amount to the CGST and SGST:
[tex]\[ \text{Total Received} = 4000 + 240 + 240 = ₹4480.0 \][/tex]

### Summary

- The CGST calculated is ₹240.0.
- The SGST calculated is ₹240.0.
- The rent paid is ₹2500.
- The total amount received, including CGST and SGST, is ₹4480.0.