Leather & Co. of Kanpur commenced business on 10th August, 2022 applied for registration on 20th August, 2022 voluntarily. The supply is liable for GST @ 12%. For the month of August, 2022 its taxable outward supply
CS Executive · Tax Laws · PYQS · June 2023
Leather & Co. of Kanpur commenced business on 10th August, 2022 applied for registration on 20th August, 2022 voluntarily. The supply is liable for GST @ 12%. For the month of August, 2022 its taxable outward supply was ₹ 8 lakh. How much is the GST payable for August, 2022 on the assumption that it has ITC of ₹ 40,000 for the same month?
Answer & Explanation:
Correct Answer: Option (B)
Official answer key: (B).
Topics: GST
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