1.

Krishna Electrical had bought a TV from a wholesaler at Rs 36000. The marked price on it in Krishna Electrical was Rs. 50000. If it was sold to Kalyan Deshmukh at 10% discount, calculate the input GST and output GST for Krishna Electrical if the rate of GST is 18%.  

Answer»

For Krishna Electronics :

Marked price of TV set = Rs.50000 

Discount = 50000 × 10 /100 = Rs 5000

The taxable value of the TV set = 50000 - 5000 = Rs 45000

Input Tax = 36000 × 18/100 = Rs 6480

Output tax = 45000 × 18 /100 = Rs 8100



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