Question

Yash interprises purchased Chocolate Sauce Bottles And pay GST of rupees 4000 he sold those bottles to Vishva brothers and collected GST of rupees 5000 and company purchased is bottles from Vishva brothers and paid GST of rupees 5500 find amount of GST payable at every stage of trading and hence find payable cgst and sgst.​

Answer 1

Answer:

For Yash Enterprises - Input tax =Rs. 4000 Output Tax =Rs. 5000, ITC for Yash Enterprises = 4000

GST payable = 5000-4000=Rs.1000

SGST =CGST =500 For Vishva Brother Input Tax,=5000 ,Output tax=5500 ITC =5000 , GST payable =5500-5000=500 ,CGST =SGST =250