Question

smt. malhotra purchased solar panels for the taxable value of ₹85,000. she sold them for ₹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

Answer:

4500

Step-by-step explanation:

sales for Rs.90000

Gst rate5%

Then ,the value of gst =90000×5/100

=4,500

Answer 2

Answer:

Output tax = 5% of 90000

= 5/100 × 90000

= Rs 4500

Input tax. = 5% of 85000

= 5/100 × 85000

= Rs 4250

ITC = Rs 4250

GST payable = Output tax - 4250

= 4500 - 4250

Therefore, GST payable = Rs 250

Therefore, ITC of Smt. Malhotra is Rs 4250 and amount of GST payable by her is Rs 250

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