1) Nazama is a proprietor of a farm
registered under GST. She has paid
GST of 14500 on purchase and
collected fr 14 750 on sale. What
is the amount of ITC to be
clamed ? What is the amount of GS-
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Answer:
ITC=2250
GST=2500
Explanation:
Amount of ITC to be claimed =14750 -12500
ITC =2250 $
Amount of GST payable (CP GST +SP GST)-ITC
(12500+14750)-2250
=2500 $
ITC =2250
GST =2500$
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