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Mr. Rohit is a retailer. He paid GST of ...

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.

Text Solution

Verified by Experts

The correct Answer is:
Output tax=8000
Input tax=6500
(ii) 6500
(iii) 1500
iv CGST=SGST=750
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