Chetana Store paid total GST of 1,00,500 at the time of purchase and c – InterviewSolution

InterviewSolution

1.	Chetana Store paid total GST of 1,00,500 at the time of purchase and collectedGST 1,22,500 at the time of sale during 1st of July 2017 to 31st July 2017, Findthe GST payable by Chetana Stores.
Answer» GST payable by Chetana store = Output tax – input tax=1,22,500 – 1,00,500 =₹22,000∴GST payable by Chetana store = ₹22,000

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