Question

'Surya Electronics' purchased an AC having taxable value of ₹35000 and sold it to a consumer for ₹40000 (taxable value). Rate of GST is 18%. Find the GST payable by Surya Electronics.​

Answer 1

Tax collected at the time of purchase = Rs 35000

∴ Amount = Rs 35000

Tax collected at the time of sale = Rs.40000

∴ GST payable = Tax collected at the time of sale − Tax collected at the time of purchase = Rs 40000 − Rs 35000 = Rs 5000

Thus, the amount of GST Rs5000