Sum

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

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#### Solution

C.P. = Rs 85000

S.P. = Rs 90000

(ITC) = `85000 xx 5/100 = "Rs"4250`

Output tax = 5 % of 90000

`90000 xx 5/100 = "Rs" 4500`

Amount of G.S.T. ⇒ 4500 - 4250 = Rs 250

Thus amount of ITC = 4250/-

aount of GST = 250/-

Concept: GST - Computation and ITC

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