Home
Class 10
MATHS
Chetana store paid total GST of Rs 100...

Chetana store paid total GST of Rs 100500 at the time of purchase
and collected GST Rs 122500 at the time of sale during 1st of july
2017 to 31st july 2017 find the GST payable by chetana stores

Text Solution

Verified by Experts

The correct Answer is:
`therefore` GST payable by Chetana stores is 22,000.
Doubtnut Promotions Banner Mobile Dark
|

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|5 Videos
  • FINANCIAL PLANNING

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

    TARGET PUBLICATION|Exercise CHAPTER ASSESSMENT|15 Videos
  • GEOMETRIC CONSTRUCTIONS

    TARGET PUBLICATION|Exercise PROBLEM SET 4|1 Videos

Similar Questions

Explore conceptually related problems

Chetana store paid GST Rs 1,00,500 at the time of purchase and collected GST Rs 1,22,500 at the time of sale during 1st of july 2017 to 31st july 2017. Find the GST payable by Chetana Stores.

Chetana Store paid total GST of ₹1,00,500 at the time of purchase and collected GST ₹1,22,500 at the time of sale during 1st of July 2017 to 31st July 2017. Find the GST payable by Chetana Stores.

Al Food Mart' paid total GST of 75,200 at the time of purchase and collected GST 96,200 at the time of sale during 1st of March 2018 to 31st March 2018. Find the GST payable by Al Food Mart.

Mr. Rohit is a retailer. He paid GST of 6500 at the time of purchase. He collected of GST of 8000 at the time of sale. (i) Find has input tax and output tax. (ii) What is his Input tax credit? (iii) Find his payable GST. (iv). Hence find the payable CGST and payable SGST.

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

A trader collected Rs 30,000 as GST in the month of july. If his ITC is Rs 22,000. What is his payable CGST ?

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?

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

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

A wholesaler purchased electric goods for the taxable amount of ₹1,50,000. He sold it to the retailer for the taxable amount of ₹1,80,000. Retailer sold it to customer for ₹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.