-Surya Electronics- purchased an AC having taxable value of -35000 and sold it to a consumer nbsp-for nbsp-40000 -taxable value- Rate of GST is 18- Find the GST payable by Surya Electronics-1000-900-500-1500

The correct option is B ₹900Rate of GST =18% ∴ nbsp;Input Tax =18% nbsp; of 35000 =18/100×35000 nbsp;= ₹6300 ⇒ Input Tax Credit = nbsp;₹6300 Now, Output ...

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Byju's Answer

Standard X

Mathematics

GST in Trading Chain

'Surya Electr...

Question

'Surya Electronics' purchased an AC having taxable value of ₹ $35000$ and sold it to a consumer for ₹ $40000$ (taxable value). Rate of GST is $18 %$ . Find the GST payable by Surya Electronics.

₹

900

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

₹

1000

No worries! We‘ve got your back. Try BYJU‘S free classes today!

₹

500

No worries! We‘ve got your back. Try BYJU‘S free classes today!

₹

1500

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is A ₹ $900$
Rate of GST $= 18 %$

$∴ Input Tax = 18 % of 35000 = \frac{18}{100} \times 35000$
$= ₹ 6300$

$\Rightarrow$ Input Tax Credit = ₹ $6300$

Now,
$Output Tax = 18 % of 40000 = \frac{18}{100} \times 40000$
$= ₹ 7200$

$∴$ GST payable $=$ Output Tax - Input Tax Credit =7200 - 6300 = ₹ $900$

Thus, GST payable by Surya Electronics is ₹ $900$ .

Suggest Corrections

Similar questions

Q. A wholesaler purchased electric goods for the taxable amount of Rs 1,50,000. He sold it to the retailer for the taxable amount of Rs 1,80,000. Retailer sold it to the customer for the taxable amount of Rs 2,20,000. Rate of GST is 18%. Show the computation of GST in tax invoices of sales. Also find the payable CGST and payable SGST for wholesaler and retailer.

Q. 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 ?

Q. ‘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.

(1) Rate of SGST	(2) Rate of GST on AC
(3) Taxable value of AC	(4) Total amount of GST
(5) Amount of CGST	(6) Amount of SGST

Q. 'Surya Electronics' purchased an AC having taxable value of ₹

35000

and sold it to a consumer for ₹

40000

(taxable value). Rate of GST is

18 %

. Find the GST payable by Surya Electronics.

Q. M/s. Jay Chemicals purchase a liquid soap having taxable value

R s 8, 000

and sold it to the consumer for the taxable value

R s 10, 000

. Rate of GST is

18 %

, find the CGST and SGST payable by M/s. Jay Chemical.

Join BYJU'S Learning Program

'Surya Electronics' purchased an AC having taxable value of ₹35000 and sold it to a consumer for ₹40000 (taxable value). Rate of GST is 18%. Find the GST payable by Surya Electronics.

The correct option is A ₹900Rate of GST =18% ∴Input Tax=18% of 35000=18100×35000 =₹6300 ⇒ Input Tax Credit = ₹6300 Now, Output Tax=18% of 40000=18100×40000 =₹7200 ∴ GST payable = Output Tax - Input Tax Credit =7200 - 6300 = ₹900 Thus, GST payable by Surya Electronics is ₹900.

'Surya Electronics' purchased an AC having taxable value of ₹ $35000$ and sold it to a consumer for ₹ $40000$ (taxable value). Rate of GST is $18 %$ . Find the GST payable by Surya Electronics.