A trader's output tax is ₹ 5000 and his input tax credit (ITC) is ₹ 3000. The GST payable by him is
A. ₹ 8000
B. ₹ 2000
C. ₹ 5000
D. ₹ 3000
A. ₹ 8000
B. ₹ 2000
C. ₹ 5000
D. ₹ 3000
Best answer
Answer: B. ₹ 2000
GST payable \(=\) output tax \(-\) ITC \(= 5000 - 3000 = ₹ 2000\).
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