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?
Answers
Answered by
7
Answer:
4500
Step-by-step explanation:
sales for Rs.90000
Gst rate5%
Then ,the value of gst =90000×5/100
=4,500
Answered by
21
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
нορє γου υи∂єяѕτοο∂ мατє!!
Similar questions