Nazama is a proprietor of a firm, registered under GST. She has paid GST of ₹ 12,500 on purchase and collected ₹ 14,750 on sale. What is the amount of ITC to be claimed? What is the amount of GST payable?

Doubtly Asked 24 Oct 2026 Save WhatsApp Report

1 answer

Answer: ITC = ₹ 12,500; GST payable = ₹ 2250

The GST paid on purchase can be claimed as Input Tax Credit, so ITC = ₹ 12,500.

GST payable = output tax − ITC

\[ = 14{,}750 - 12{,}500 = ₹\,2250 \]

Doubtly AI · 24 Oct 2026 AI-verified · Oct 2026 Report

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