ICSE Class 10 Answered

1. in the tax period ended march 2015,M/s hari singh & sons purchased floor tiles worth rs.800000 taxable at 7.5% and sanitary fittings worth rs.750000 taxable at 10%. During this period,the sales turnover for floor  tiles and sanitary fittings are worth rs.840000 and rs.920000 respectively. however the floor tiles worth rs.60000 were returned by the firm during the same period. Calculate the tax liability(under VAT) of the firm for tis tax period.