sandeep electronics purchased ceili g fans for 50176 (with Gst) and sold yhem to customers for 56000(with Gst) rate of Gst is 12% find gst payable of sandeep
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the rate of GST is 12 %
input tax= 12/100×50176
= 6021.12
output tax=56000×12/100
=6720
payable GST= output tax -ITC
=6720-6021.12
=698.88
the GST payable on electronics by Sandeep is 698.88
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