Question

Iv) rajesh, a retailer, paid gst of 6500 at the time of purchase. he collectedof 8000 at the time of sale. (1) find his input tax and output tax (2) find thesgst and cgst payable by him.​

Answer 1

Answer:

Step-by-step explanation:

Output tax (tax collected at the time of sell)

=8000

Input tax(tax paid at the time of purchase )

=6500

ITC= output tax -input tax

=8000-6500

=1500

GST payable

= output tax -ITC

= 8000-1500

=6500

CGST=1/2 of GST =3250

SGST =1/2 of GST =3250