Question

5. Smt. Malhotro purchased solar panels for the taxable value of 85.000 Sie
them for 90,000. The rate of GST is 5%. Find the ITC of St. Maior Vinis
the amount of GST payable by her?​

Answer 1

Answer:

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Step-by-step explanation:

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Answer 2

Answer:

Answer:

Output tax = 5% of 90000

= 5/100 × 90000

= Rs 4500

Input tax. = 5% of 85000

= 5/100 × 85000

= Rs 4250

ITC = Rs 4250

GST payable = Output tax - 4250

= 4500 - 4250

Therefore, GST payable = Rs 250

Therefore, ITC of Smt. Malhotra is Rs 4250 and amount of GST payable by her is Rs 250

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