Total amount of GST paid by a wholeseller
= GST collected on selling (Input Tax Credit) – GST paid on purchasing

True

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False

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Solution

The correct option is A True

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Similar questions

Q. Nazama is a proprietor of a firm, registered under GST. She has paid GST of Rs 12,500 on purchase and collected Rs 14,750 on sale. What is the amount of ITC to be claimed ? What is the amount of GST payable ?

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Q. Amir Enterprise purchased chocolate sauce bottles and paid GST of Rs 3800. He sold those bottles to Akbari Bros. and collected GST of Rs 4100. Mayank Food Corner purchased these bottles from Akabari Bros and paid GST of Rs 4500. Find the amount of GST payable at every stage of trading and hence find payable CGST and SGST.

The printed price of a washing machine is $₹ 40000$ . A wholesaler in Chattisgarh buys the washing machine from a manufacturer in Delhi at a discount of $10 %$ on the printed price. The wholesaler sells the washing machine to a retailer in Haryana at 5% above the printed price. If the rate of GST on the washing machine is $18 %$ , find
(i) the amount inclusive of tax (under GST) paid by the wholesaler for the washing machine.
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Q. Nazama is a proprietor of film, regenerated under

G S T

. She has paid

G S T

R s 12, 500

on purchase and collected

R s 14, 750

on sale what is amount of

I T C

to claimed? What is amount of

G S T

payable?

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Total amount of GST paid by a wholeseller = GST collected on selling (Input Tax Credit) – GST paid on purchasing

The correct option is A True

Total amount of GST paid by a wholeseller
= GST collected on selling (Input Tax Credit) – GST paid on purchasing