Home
Class 10
MATHS
Nazama is a proprietor of a firm, regist...

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

Text Solution

Verified by Experts

The correct Answer is:
`therefore` Amount of ITC to be claimed is 12,500 and amount of GST payable of GST payable is 2250.
Promotional Banner

Topper's Solved these Questions

  • FINANCIAL PLANNING

    TARGET PUBLICATION|Exercise Practice Set 4.3|6 Videos
  • FINANCIAL PLANNING

    TARGET PUBLICATION|Exercise Practice Set 4.4|4 Videos
  • FINANCIAL PLANNING

    TARGET PUBLICATION|Exercise Practice Set 4.1|7 Videos
  • CO-ORDINATE GEOMETRY

    TARGET PUBLICATION|Exercise CHAPTER ASSESSMENT|19 Videos
  • GEOMETRIC CONSTRUCTIONS

    TARGET PUBLICATION|Exercise CHAPTER ASSESSMENT|3 Videos

Similar Questions

Explore conceptually related problems

Nazama is a proprietor of firm registered under GST she has paid GST of Rs 12500 on puchase and collected Rs 14750 on sale what is the amouint of ITC to be clained ? What is the amount of GST payable ?

A company provided Z security services for the taxable value of Rs 64500 Rate of GST is 18% company had paid GST of Rs 1550 for laundary services and uniformes etc what is the amount of ITC (Input Tax Credit ) find the amount of CGST and SGST payable by the company

The MV of shares is Rs 5000 Brokerage is paid at 1% and the rate of GST on brokerage is 18% what is the amount of GST ?

A trader collected Rs 30000 as GST in the month of july if his ITC is Rs 22000 what is his payable CGST ?

Ramesh purchased a bag listed at Rs. 550. If the rate of sales tax is 8% , then what is the amount of sales tax paid by him ?

Smt Malhotra purchased solar panles for the taxable value of ₹ 85,000 She sold them for ₹ 90,000 the rate of GST is 5% Find the ITC of Smt malhotra. What is the amount of GST payable by her?