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    Question

    A registered dealer purchased inputs worth ₹1 lakh +

    GST @18% and sold goods for ₹1.5 lakh + GST @18%. What is the net GST payable?
    A ₹18,000 Correct Answer Incorrect Answer
    B ₹27,000 Correct Answer Incorrect Answer
    C ₹9,000 Correct Answer Incorrect Answer
    D ₹10,000 Correct Answer Incorrect Answer

    Solution

    GST on sales = ₹1.5L × 18% = ₹27,000 ITC on purchase = ₹1L × 18% = ₹18,000 Net payable = ₹27,000 – ₹18,000 = ₹9,000

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