Question

Krishna Electricals had bought a TV from a wholesaler at Rs 36000.

The marked price on it in Krishna Electricals was Rs. 50000. If it was

sold to Kalyan Deshmukh at 10% discount, calculate the input GST

and output GST for Krishna Electricals if the rate of GST is 18%.

Answer 1

input GST means GST on purchase and Output GST means GST on sales.

here rate of GST is 18%

so, input GST = 18% of purchase price
= 18% of 36000
= 18 × 36000/100
= 18 × 360
= 6480 Rs.

output GST = 18% of sale price
= 18% of 45000. [ because 10% is discount ]
= 18 × 45000/100
= 8100 Rs.

So, GST is payable = 8100 - 6480 = 1620 Rs.