Question

nazama is a proprictor of a firm registered under GST she has paid GST of ₹12500 on purchase and collected₹14750 on sale what is the amount of ITC to be claimed? what is the amount of GST payable.​

Answer 1

Step-by-step explanation:

Cost Price ( CP) GST = 12500 rupees

Selling Price (SP) GST=14750 rupees

Amount ITC to be claimed = SP GST - CP GST

                                          = 14750-12500

                               ==>      ITC= 2250 rupees

Amount of GST payable= (CP GST + SP GST ) - ITC

                                        =(12500 +14750 )-2250

                                       = 27250 -2250

                                       =25000 rupees

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Answer 2

Hlo mate!!!

Refer the above attachment for better understanding..

Hope you understood mate!!

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