Question

    A registered dealer sells goods worth ₹5,00,000 with

    GST @18%. He has input tax credit (ITC) of ₹70,000. What is his net GST payable in cash?
    A ₹90,000 Correct Answer Incorrect Answer
    B ₹1,00,000 Correct Answer Incorrect Answer
    C ₹20,000 Correct Answer Incorrect Answer
    D ₹1,10,000 Correct Answer Incorrect Answer

    Solution

    Output GST = ₹5,00,000 × 18% = ₹90,000 ITC = ₹70,000 Net Payable = ₹90,000 – ₹70,000 = ₹20,000

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