Question

2. 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

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Answer:

otput gst=(78000*18)/100

=14040

itc =(90000*18)/100

=81000

gst payable=output gst-itc

=14040-81000

= -66900

gst payable is always un a positive form

so

gst payable=66900