Q5 of 55 Page 109

Smt. Malhotra purchased solar panels for the taxable value of Rs. 85,000. She sold them for Rs. 90,000. The rate of GST is 5%. Find the ITC of Smt. Malhotra. What is the amount of GST payable by her?

Purchase Price = Rs. 85,000


Rate of GST = 5%


Input Tax(ITC) =


⇒ Input Tax(ITC) =


Selling Price = Rs. 90,000


Output Tax =


⇒ Output Tax =


Payable Tax = (Output Tax-ITC) = Rs. 250


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