Math, asked by Dhanesh3797, 1 year ago

A trader buys some goods for Rs. 12,000 and sells them for Rs. 15,000. If the rate of tax under VAT is 12%,

Answers

Answered by Dashingdhruv

Tax will be levied on ₹15,000 @ rate of 12%, i.e.,₹1,800.
However, credit can be availed of ₹1,440. (i.e., ₹12,000×12%).
Hence, net tax liability will be ₹360.

HAPPY TO HELP!!
PLEASE MARK ME AS BRAINLIEST!!

Previous Question

Next Question

Similar questions

Art, 6 months ago

Can u keep Allu Arjun pics ...

India Languages, 6 months ago

:( what is this meaning...

Math, 6 months ago

In triangle ABC, angle B = 90°, if AB = 12, angle C = 30°, then BC = ...

Math, 1 year ago

Find the centroid of ΔABC whose vertices are A(-1, 0) B(5, -2) and C(8,2).

Math, 1 year ago

If G(-2, 1) is the centroid of a ΔABC and two of its vertices are A(1, -6) and B(-5, 2) , find the third vertex of the triangle.

Environmental Sciences, 1 year ago

the earth supports life and help all living being to survive.Do you support your family members when they need you. Give example of one such situation.

Physics, 1 year ago

a boy is travelling in a bus moving with a velocity of 45 km/h how much distance will the boy travel in 1 min and 1s...

Physics, 1 year ago

ODD ONE OUT Weight,Acceleration,Velocity,Distance,Momentum.