Robin, the wholesaler has paid Rs. $6, 500$ tax at the time of purchase and collected $8, 000$ tax at the time of sale. Find the M-VAT payable by Robin.

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Solution

Tax paid at the time of purchase $=$ Rs. $6, 500$ .
Tax collected at the time of sale $=$ Rs. $8, 000$ .
M-VAT payable by Robin $=$ Tax collected on sale $-$ Tax paid on purchase
$=$ Rs. $(8000 - 6500)$
$=$ Rs. $1500$
Hence, M-VAT payable by Robin is Rs. $1500$ .

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Robin, the wholesaler has paid Rs. 6,500 tax at the time of purchase and collected 8,000 tax at the time of sale. Find the M-VAT payable by Robin.

Tax paid at the time of purchase = Rs. 6,500.Tax collected at the time of sale = Rs. 8,000.M-VAT payable by Robin = Tax collected on sale − Tax paid on purchase= Rs. (8000−6500)= Rs. 1500Hence, M-VAT payable by Robin is Rs. 1500.

Robin, the wholesaler has paid Rs. $6, 500$ tax at the time of purchase and collected $8, 000$ tax at the time of sale. Find the M-VAT payable by Robin.

Tax paid at the time of purchase $=$ Rs. $6, 500$ .
Tax collected at the time of sale $=$ Rs. $8, 000$ .
M-VAT payable by Robin $=$ Tax collected on sale $-$ Tax paid on purchase
$=$ Rs. $(8000 - 6500)$
$=$ Rs. $1500$
Hence, M-VAT payable by Robin is Rs. $1500$ .