GST Payment

Others 186 views 3 replies
Alex is a Wooden Furniture Dealer.He Purchase Wooden Furniture from Carpente of ₹.45000/-.
.He Sales this Furniture @ of ₹50000/- to Unregistered Person and Collected GST @ 28%.Howmuch GST paid by Alex.
Replies (3)
28%only. but 45000 will attract rcm and then balance tax is payable

purchase price is 45000/- inclusive of gst 

and sales price inclusive of gst that is 50000/-

in other words

cost + gst = final price (consider both sales and purchase )

here formula is final price sales or purchase what is given 

for purchase it is 45000/128*100 =35156.25 is cost price 

for purchase add gst on it @ 28% u will get figure 

9,843.75 now add it to 35156.25+9843.75 = 45000

now u have  the fugire with u 

apply this with sales

now part of how much gst u pay

as per rules 

payable gst (sales) - receivable gst (purchase)

u will get ur answer how much u r going to pay 

thank you and congratulations


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
09 June 2026
Accounts Associate

S Madan and CO

New Delhi

Graduate (Any)

View Details
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details
Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details
Company
16 June 2026
Sr. Associate / Assistant Manager | TAS / FDD

Boutique Investment Bank & Transaction Advisory Firm

Gurgaon

CA

View Details
Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details
Company
Featured 15 June 2026
Senior Auditor

N. Dhawan & Co

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details