Question

Mr Pankaj took Health Insurance Policy for his family and paid $Rs900$ as $SGST$. Find the total annual premimum paid by him for this policy, rate of $GST$ being $18\%$.

Answer 1

Let’s consider that the total annual premium paid by Mr. Pankaj be $Rs.x$.

Then, from the question

$18\%$ of $x=$ SGST + CGST

$18\%$ of $x=1800$ [as SGST = CGST]

So, $18/100\times x=1800$

$x=Rs.10,000$

Therefore, the total annual premium paid by him for the policy is $Rs.10,000$