Buys ₹4000+5% GST; all input GST usable. Net GST ₹50, sales GST 5%. Taxable sales?
A₹4000
B₹4200
C₹4800
D₹5000
Answer & Solution
Correct answer: D. ₹5000
The ₹200 input credit plus ₹50 cash payment gives ₹250 output GST, which is 5% of ₹5000 sales.
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