Question

26. A shopkeeper bought an LED for ₹ 24,000 from a dealer. He sold it to a consumer at a profit of ₹6000. If the rate of GST is 28%, then the tax liability of the shopkeeper is:
i) ₹1680
ii)₹1800
iii)₹2000
iv)₹2420​

Answer 1

Step-by-step explanation:

shopkeeper buys an led for 24000

Sell to customer at the profit of 6000

the tax liability of the shopkeeper  is GST received on profit

28 % of GST on  6000 = (28/100) 6000  =  Rs 1680

Hence tax liability of the shopkeeper is Rs 1680