What is the amount of GST payable
Attachments:
newday:
250 is u r ans
Answers
Answered by
2
the gst payable is 250
purchased for:
85000/-
therefore: 5% of 85000
output tax =4250
while selling:
selled for :90000
5% of 90000
=4500
therefore: ITC=4500
GST payable= input tax - output tax
4500-4250=250
purchased for:
85000/-
therefore: 5% of 85000
output tax =4250
while selling:
selled for :90000
5% of 90000
=4500
therefore: ITC=4500
GST payable= input tax - output tax
4500-4250=250
Answered by
2
here is your ans. ....❤❤
Attachments:
Similar questions