Question

Mr. Batra, a registered dealer in Hisar (Haryana) purchased blankets worth 200000. He
sold 50% of these blankets to a dealer in Panipat (Haryana) for 130000 and the rest of the
goods remain in his stock. If the GST rate is 5%, find the excess credit of CGST and SGST
to be carried forward.
21750​

Answer 1

1750 , excess credit of CGST and SGST  to be carried forward

Step-by-step explanation:

Mr. Batra, a registered dealer in Hisar (Haryana) purchased blankets worth 200000

GST rate is 5%

CGST Paid = 2.5%   = (2.5/100)* 200000 = 5000 Rs

SGST Paid  = 2.5%   = (2.5/100)* 200000 = 5000 Rs

Sold 50% of Blankets for Rs 130000 in same state

CGST Received = (2.5/100)*130000 = 3250 Rs

SGST Received = (2.5/100)*130000 = 3250 Rs

excess credit of CGST and SGST  to be carried forward = 5000 -3250 = Rs 1750

Learn more:

a toy is purchased at rs. 1320 including 5%SGST and 5% CGST. the ...

https://brainly.in/question/7977637

89. A shopkeeper sold a bicycle to a customer for Rs. 10304 ...

https://brainly.in/question/13612249

Answer 2

Step-by-step explanation:

This is the answer for your question