Question

1. A shoe manufacturer purchases goods worth 90,000
from the markets within the state. He sells his product
in the neighbourhood market for 78,000. If the
common rate of GST is @18%, find the GST payable/
GST credit for the above transaction.​

Answer 1

$\huge \mathfrak \red { \underline {Bonjour}}$

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Rs. 2160

Step-by-step explanation:

Input GST = 18 % on raw materials

= 18% of 90000

90000 * 18/100 = 16200

Output GST =18% on final product (shoes)

= 18% of 78000

= 78000 * 18/100 = 14040

Here,

Input GST is more than Out put GST.

THUS,

GST credit = input GST - output GST 16200 - 14040.

= Rs. 2160

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I hope my answer helps you......

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