Question

Krishna electrical had bought a TV from a wholesaler at RS 36000.The marked price on it Krishna electrical was RS 50000.If it was sold to Kalyan Deshmukh at 10 percent discount. Calculate the input GST for Krishna electrical if rate of GST is 18 percent.

Answer 1

Solution:
Purchase Price = 36000

GST @ 18% = 36000 - (36000 / 1.18)
= ₹5491.52/-

Since the input GST is applicable on imports or purchases.

Hence, the input GST for Krishna Electricals is ₹5491.52/-