Std 10th maths 1 answers please help you
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27
Answer :
Input tax by Malik Gas Agency at 5% on 24,500
= 5/100 × 24,500
= Rs 1225.
Thus, ITC for Malik Gas Agency is Rs . 1225....(1)
Now, the agency sold cylinders to customers for Rs. 26,500.
Output tax by the agency is 5% of Rs. 26,500.
Output tax = 5/100 × 26,500
= Rs 1325...(2)
GST Payable = Output tax - ITC
So, from (2) and (1),
= Rs.(1325 - 1225)
= Rs. 100
CGST = 1/2 × GST
= 1/2 × 100
= Rs. 50
UTGST = CGST = Rs.50
Final answer :
Malik Gas Agency paid GST Rs. 100; CGST Rs. 50 and UTGST Rs. 50
Answered by
15
Input tax paid at 5% on rs. 24,500
= 5/100 × 24500
= Rs. 1225
Output tax paid at 5% on Rs. 26,500
= 5/100 × 26500
=Rs. 1325
GST payable = Output tax - Input tax
= 1325 - 1225
= 100
CGST = UTGST = 1/2 × GST
= 1/2 × 100
= 50
____________________________________
= 5/100 × 24500
= Rs. 1225
Output tax paid at 5% on Rs. 26,500
= 5/100 × 26500
=Rs. 1325
GST payable = Output tax - Input tax
= 1325 - 1225
= 100
CGST = UTGST = 1/2 × GST
= 1/2 × 100
= 50
____________________________________
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