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A retailer buys an article at Rs 2000 + 18% GST and sells at Rs 2500 + 18% GST. Net GST deposited is
ARs 110
BRs 90
CRs 450
DRs 360
Answer & Solution
Correct answer: B. Rs 90
1. GST collected on sale = 18% of 2500 = Rs 450.
2. GST paid on purchase = 18% of 2000 = Rs 360.
3. Net GST to government = 450 - 360.
4. = Rs 90.
_Source: Selina Concise Mathematics Class 10, Ch on Value Added Tax / GST (Mistral OCR'd PDF), section on input tax credit_
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