Question

Mr. Rohit is a retailer. He paid GST of Rs 6500 at the time of purchase. He collected GST of Rs 8000 at the time of sale. (i) Find his input tax and out put tax.(ii) What is his Input tax credit ? (iii) Find his payable GST. (iv) Hence find the payable CGST and payable SGST.​

Answer 1

Mr. Rohit's payable GST means, GST to be paid to the government by Mr. Rohit. (i) Output tax (tax collected at the time of sale) = Rs.8000. (ii) Input tax (tax paid at the time of purchase) = Rs.6500 ITC = Rs.6500. (iii) GST payable = Output tax - ITC = Rs.8000 - Rs.6500 = Rs.1500 (iv) payable CGST = 1500/2 = Rs. 750 and payable SGST = Rs. 750

Answer 2

Answer:

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