5 Under GST is a credit Which is available to supplier to set off the tax he has paid on purchase of goods from output tax on sale of such goods

5 Under GST is a credit Which is available to supplier to set off th

1.	5 Under GST is a credit Which is available to supplier to set off the tax he has paid on purchase of goods from output tax on sale of such goods
Answer» tion:Input credit means at the time of paying tax on OUTPUT, you can reduce the tax you have already paid on INPUTS. Input tax credit in realtion to GST to a registered person means, the CGST, SGST/UTGST or IGST charged on any supply of GOODS or services or both MADE to him.

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Tois question based GISTBasie Prodquet? Gust Sales SupplyАB 2200150800118.00 to 20018.001 300 Intre statoI istrustile12.00 lo1120 Istrestaleb.Tabb Trade Details (sales and purchaseJitems opening stat I purchased sold closingo0104803oa) find out belowgiveoQuestionsCGST ,SGST , LGST final balance?1. use different lable for saleand purchas drade.Neft profit from the trade?closing stock valuations ?

5 Under GST is a credit Which is available to supplier to set off the tax he has paid on purchase of goods from output tax on sale of such goods​

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5 Under GST is a credit Which is available to supplier to set off the tax he has paid on purchase of goods from output tax on sale of such goods