Question

Nazama is a proprietor of a firm, registered under GST. She has paid GST of
12,500 on purchase and collected 14,750 on sale. What is the amount of ITC to
be claimed ? What is the amount of GST payable ?
​

Answer 1

Given : Nazama is a proprietor of a firm, registered under GST. She has paid GST of 12,500 on purchase and collected 14,750 on sale.

　

To find : What is the amount of ITC to be claimed? What is the amount of GST payable?

　

Terms :

• GST => Goods service tax.

　

• ITC => Indian multinational conglomerate company.

　

Calculations :

$:\implies\sf{14750 - 12500}$

　

$\implies{\sf{\underline{\boxed{\sf{2250}}}}}$

　

Therefore, 2250₹ is the amount of GST payable by Nazama.

Answer 2

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Refer the above attachment for better understanding..

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