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:
Input Tax Credit for Nazama is Rs 12,500 and her payable GST is Rs 2250.
Promotional Banner

Topper's Solved these Questions

  • FINANCIAL PLANNING

    BAL BHARTI|Exercise Practice Set 4.3|6 Videos
  • FINANCIAL PLANNING

    BAL BHARTI|Exercise Practice Set 4.4|5 Videos
  • FINANCIAL PLANNING

    BAL BHARTI|Exercise Practice Set 4.1|12 Videos
  • CO-ORDINATE GEOMETRY

    BAL BHARTI|Exercise Problem set 5 |27 Videos
  • GEOMETRIC CONSTRUCTIONS

    BAL BHARTI|Exercise Problem set 4 |7 Videos

Similar Questions

Explore conceptually related problems

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 company provided Z-security services for the taxable value of ₹64,500. Rate of GST is 18%. Company had paid GST of ₹1550 for laundry services and uniforms 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 30,000 as GST in the month of july. If his ITC is Rs 22,000. What is his payable CGST ?

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.

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.

A dealer gives 10% discount on a show piece of ₹25,000. GST of 28% was charged on the discounted price. Find the total amount shown in the tax invoice. What is the amount of CGST and SGST?

Smt. Malhotra purchased solar panels 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?

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

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.