In the tax period ended March 2008, M/S Bhavesh Sippy & Sons purchased floor tiles worth Rs 8000 taxable at 7.5% and sanitary fittings worth Rs 7500 taxable at 10%. During this period, the sales turnover for floor tiles and sanitary fittings are worth Rs 8400 and Rs 9200 respectively. Calculate the tax liability (under VAT) of the firm for this tax paid.

Rs 200

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Rs 300

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Rs 400

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Rs 500

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Solution

The correct option is A
Rs 200

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