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UP TGT Mathematics commercial mathematics Test Series - Part 1

A trader's taxable sales are Rs. 40,000 with 18% GST. Input tax credit is Rs. 4,320. Find net GST payable.

Type: MCQ • Marks: 1
A trader's taxable sales are Rs. 40,000 with 18% GST. Input tax credit is Rs. 4,320. Find net GST payable.
Options
A. 2900
B. 3000
C. 2880
D. 2800
Explanation
Output GST=7200. Net GST=7200-4320=Rs. 2,880.
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