Explanation: In the context of Delhi's taxation system, understanding the application of CGST (Central GST) and SGST (State GST) is crucial for intra-state transactions. IGST (Integrated GST) is used for inter-state transactions, but for transactions within Delhi, CGST and SGST are the relevant taxes.
The given problem involves a transaction with a MRP (Maximum Retail Price) of Rs. 12000 and a discount of 30%. The first step is to calculate the discounted price. The discount is applied to the MRP, reducing it by 30%. Therefore, the discounted price is:
\[ \text{Discounted Price} = \text{MRP} \times (1 - \text{Discount Rate}) \]
\[ \text{Discounted Price} = 12000 \times (1 - 0.30) \]
\[ \text{Discounted Price} = 12000 \times 0.70 \]
\[ \text{Discounted Price} = 8400 \]
Next, we need to calculate the GST, which is 18% in total. For intra-state transactions in Delhi, this 18% is split equally between CGST and SGST, meaning each is 9% of the discounted price.
\[ \text{CGST} = \text{Discounted Price} \times \text{CGST Rate} \]
\[ \text{CGST} = 8400 \times 0.09 \]
\[ \text{CGST} = 756 \]
\[ \text{SGST} = \text{Discounted Price} \times \text{SGST Rate} \]
\[ \text{SGST} = 8400 \times 0.09 \]
\[ \text{SGST} = 756 \]
Since this is an intra-state transaction, IGST is not applicable, and its value is Rs. 0.
Therefore, the correct values are:
- CGST = Rs. 756
- SGST = Rs. 756
- IGST = Rs. 0
This comprehensive calculation and understanding of the GST structure in Delhi ensures that students can correctly apply the tax rates to intra-state transactions.