Question

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. To find the amount of GST payable complete the activity.

Solution:

Input tax (ITC) = `square`

Output tax (ITC) = `square`

GST Payable = Output tax – `square`

= 14,750 – 12,500

Payable GST = `square`

Answer 1

Input tax (ITC) = \[\boxed{\text{Rs.} \phantom{.}12,500}\]

Output tax (ITC) = \[\boxed{\text{Rs.} \phantom{.} 14,750}\]

GST Payable = Output tax – \[\boxed{\text{Input tax (ITC)}}\]

= 14,750 – 12,500

Payable GST = \[\boxed{\text{Rs.} \phantom{.} 2,250}\]