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mr abdul a manufacturer sells his product worth Rs 225000 within the state. he buys goods worth Rs 120000 within the state. If the rate os GST is @ 12% on the raw material and @ 18% on the finished product find the amount of GST he has to pay
Asked by ayushavs3135 | 26 Mar, 2020, 10:47: AM
Abdul buys raw material worth Rs. 120000
GST paid on the raw material = 12% of 120000
= 12/100 x 120000 = Rs. 14400
Abdul buys raw material to make it finished product
Abdul sells his product worth Rs. 225000
GST Received by abdul on finished product = 18% of 225000
= 18/100 x 225000 = Rs. 40500
Total amount of GST paid by Abdul = 40500 - 14400 Rs. 26100
Answered by Renu Varma | 26 Mar, 2020, 11:16: AM

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