'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.

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Solution

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 ₹ $900$ .

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'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.

Rate 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.