Question

smt Malhotra purchased solar panels for taxable value of Rs 85,000. She sold them for Rs 90,000 . The rate of GST is 5% . Find the ITC of Smt.Malhotra . What is the amount of GST payable by her ?​

Answer 1

gst payed be malhotra=

5/100 X 85000

=4250rs. this is ITC

GST recieved=

5/100 X 90000

=4500rs

gst payable=4500-4250=250 rs

Answer 2

Solution :-

taxable purchase value of the solar panels = 85000 RS

Rate of GST = 5%

input tax credit = 5% of RS 85000=

5/100 ×85000

selling price of the solar panels = 90000

output tax = 5% of 90000 rs

=> 5/100× 90,000

=> 4500

Amount of GST payable = out put tax - input tax

=> 4500 - 42500 = 250

The amount of GST payable by SMt.

The amount of GST payable by SMt. Malhotra is 250 RS.

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@GauravSaxena01