Question

Input GST paid by the dealer is Rs 3000 and output GST collected is Rs 4000 then the net GST Paid is equal to.​

Answer 1

Answer:

1000

Step-by-step explanation:

output tak- input tax

4000-3000

1000

hope it help u

Answer 2

Given:

Input GST paid by the dealer =  Rs 3000

Output GST collected = Rs 4000

To find :

The net GST paid  by the dealer

Formula to be used:

Net GST = Output GST - Input GST

Solution:

We can calculate the net GST paid  by the dealer by using the following formula,

Net GST = Output GST - Input GST

Let,

Input GST = Rs 3000

Output GST = Rs 4000

Therefore,

Net GST = 4000 - 3000

Net GST = Rs 1000

Final answer:

The net GST paid by the dealer is Rs 1000