Advertisements
Advertisements
प्रश्न
Smt. Malhotra purchased solar panels for the taxable value of Rs 85,000. She sold them for Rs 90,000. The rate of GST is 5%. Find the ITC of Smt. Malhotra. What is the amount of GST payable by her?
उत्तर
Taxable purchase value of the solar panels = Rs 85,000
Rate of GST = 5%
∴ Input tax credit (ITC) = 5% of Rs 85,000
= \[\frac{5}{100} \times 85000\] = Rs 4,250
Selling price of the solar panels = Rs 90,000
∴ Output tax = 5% of Rs 90,000 = \[\frac{5}{100} \times 90000\] = Rs 4,500
Amount of GST payable = Output tax − Input tax (ITC) = Rs 4,500 − Rs 4,250 = Rs 250
Thus, the amount of ITC is Rs 4,250 and the amount of GST payable by Smt. Malhotra is Rs 250.
APPEARS IN
संबंधित प्रश्न
On certain article if rate of CGST is 9% then what is the rate of SGST? and what is the rate of GST?
‘M/s. Real Paint’ sold 2 tins of lustre paint and taxable value of each tin is Rs 2800. If the rate of GST is 28%, then find the amount of CGST and SGST charged in the tax invoice.
The total value (with GST) of a remote-controlled toy car is Rs 1770. Rate of GST is 18% on toys. Find the taxable value, CGST and SGST for this toy-car.
‘Tiptop Electronics’ supplied an AC of 1.5 ton to a company. Cost of the AC supplied is Rs 51,200 (with GST). Rate of CGST on AC is 14%. Then find the following amounts as shown in the tax invoice of Tiptop Electronics.
2) Rate of GST on AC
‘Tiptop Electronics’ supplied an AC of 1.5 ton to a company. Cost of the AC supplied is Rs 51,200 (with GST). Rate of CGST on AC is 14%. Then find the following amounts as shown in the tax invoice of Tiptop Electronics.
(3) Taxable value of AC
‘Tiptop Electronics’ supplied an AC of 1.5 ton to a company. Cost of the AC supplied is Rs 51,200 (with GST). Rate of CGST on AC is 14%. Then find the following amounts as shown in the tax invoice of Tiptop Electronics.
(5) Amount of CGST
‘Tiptop Electronics’ supplied an AC of 1.5 ton to a company. Cost of the AC supplied is Rs 51,200 (with GST). Rate of CGST on AC is 14%. Then find the following amounts as shown in the tax invoice of Tiptop Electronics.
(6) Amount of SGST
A dealer has given 10% discount on a showpiece of Rs 25,000. GST of 28% was charged on the discounted price. Find the total amount shown in the tax invoice. What is the amount of CGST and SGST ?
A ready-made garment shopkeeper gives 5% discount on the dress of Rs 1000 and charges 5% GST on the remaining amount, then what is the purchase price of the dress for the customer
A trader from Surat, Gujarat sold cotton clothes to a trader in Rajkot, Gujarat. The taxable value of cotton clothes is Rs 2.5 lacs. What is the amount of GST at 5% paid by the trader in Rajkot ?
Anna Patil (Thane, Maharashtra) supplied vacuum cleaner to a shopkeeper in Vasai (Mumbai) for the taxable value of Rs 14,000, and GST rate of 28%. Shopkeeper sold it to the customer at the same GST rate for Rs16,800 (taxable value) Find the following –
Amount of CGST and SGST charged by the shopkeeper in Vasai.
For the given trading chain prepare the tax invoice I, II, III, GST at the rate of 12% was chanrged for the article supplied.
Write which of the invoices issued are B2B and B2C ?
28% GST was charged on the scooter having cost ₹ 50,000. Find the amount of CGST charged.
A businessmen supplied CCTV camera sets for police control room, worth of ₹ 1,77,000. The rate of GST is 18%. Then find the amount of SGST and CGST. Also find the taxable price of CCTV sets.
The taxable value of a wall clock is ₹ 1092, rate of GST is 18%. Find the price of the wall clock for the customer.
A trading company paid 18% GST on its product worth ₹ 15,000 and sold it to a customer for ₹ 21,000. What are the amounts of CGST and SGST shown in the tax invoice issued?
On certain article if rate of CGST is 9%, then what is the rate of SGST?
