Question

A dealer buys a TV for ` 25000 paying GST at 5%. He sells it for `40,000 after a profit

and charges GST at the rate of 12%. Find the GST paid by the dealer.​

Answer 1

Answer:

GST PAID BY DEALER=GST RECEIVED AT THE TIME OF SALES-GST PAID AT THE TIME OF BUY

GST RECEIVED=12% OF 40000=4800

GST PAID. =5% of 25000. =1250

GST PAID BY DEALER=4800-1250=3550