A trader's monthly output GST is Rs. $50000$ and input GST is Rs. $35000$. Net GST payable to government is

A trader's monthly output GST is Rs. $50000$ and input GST is Rs. $35000$. Net GST payable to government is
  1. Rs. $15000$
  2. Rs. $50000$
  3. Rs. $35000$
  4. Rs. $85000$

Solution

Net GST $= $ Output GST $-$ Input GST $= 50000 - 35000 = 15000$.

Asked in: MH-SSC-9

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