Question

Financial planning question Chetana Store paid total of GST of ₹1,00,500 at the time of purchase and collected GST ₹1,22,500 at the time of sale during 1st of July 2017 to 31st July 2017.Find the GST payable by chetana stores​

Answer 1

I don’t know the answer to this question

Answer 2

Answer:

GST ICT is equal to 100500 output tax is equal to 122500 GST payable is equal to output tax minus ITC is equal to 2 Rupees 122500 minus 100500 is equal to 22,000