UNIT V: COMPUTATION OF TAX

LIABILITY
 COMPUTATION OF ITC AND TAX LIABILITY UNDER GST
Q.1. From the following details find out the total tax payable by Mr. Sourabh for the particular month
of March 2019:
1. Cost of goods purchased from Registered Dealer Rs. 2,50,000 under 5%.
2. Goods purchased from Unregistered dealer worth Rs. 2,00,000 at 12%.
3. Goods sold from above, purchased from Registered dealer Rs. 3,80,000 at 5%.
4. Goods sold from above, purchased from Unregistered dealer Rs. 2,50,000 at 12%.

Q.2. From the following details find out the total tax payable by Mr. Shankar for the particular month
of January 2019:
1. Cost of goods purchased from Registered Dealer Rs. 1,50,000 under 5%.
2. Goods purchased from Unregistered dealer worth Rs. 1,00,000 at 12%.
3. Goods sold from above, purchased from registered dealer Rs. 2,00,000 at 5%.
4. Goods sold from above, purchased from unregistered dealer Rs. 1,50,000 at 12%.

Q.3. From the following details find out the total tax payable by Mr. Nagesh for the particular month
of July 2019:
1. Goods purchased from Dealer Rs. 3,00,000 at 12%.
2. Goods purchased from Dealer Rs. 3,00,000 at 0%.
3. Incurred Expenses Rs. 1,20,000.
4. Sold goods (12%) for Rs. 4,50,000.
5. Sold goods (0%) for Rs. 4,50,000.
(All the above details are exclusive of GST)

Q.4. From the following details find out the total tax payable by Mr. Phadse for the particular month
of April 2019:
1. Goods purchased from Dealer Rs. 2,00,000 at 12%.
2. Goods purchased from Dealer Rs. 1,80,000 at 0%.
3. Incurred Expenses Rs. 50,000.
4. Sold goods (12%) for Rs. 3,00,000.
5. Sold goods (0%) for Rs. 2,10,000.
(All the above details are exclusive of GST)

Q.5. From the following details find out the total tax payable by Mr. Nitin for the particular month of
February 2019:
1. Goods purchased from Dealer Rs. 5,00,000 at 5%.
2. Incurred Direct Expenses Rs. 50,000.
3. The Goods were sold @ 20% of cost of goods sold.
4. Mr. Nitin is also selling exempted goods of Rs. 2,00,000 which were purchased at exempt
rate worth Rs. 1,50,000.
(All the above details are exclusive of GST)

Yeshwant Mahavidyalaya, Nanded

Q.6. From the following details find out the total tax payable by Mr. Aamir for the particular month of
May 2019:
1. Goods purchased from Dealer Rs. 4,00,000 at 12%.
2. Incurred Direct Expenses Rs. 25,000.
3. The Goods were sold @ 15% of cost of goods sold.
4. Mr. Nitin is also selling exempted goods of Rs. 1,00,000 which were purchased at exempt
rate worth Rs. 70,000.
(All the above details are exclusive of GST)

Q.7. Invoice wise monthly Sales during the month of January 2020, of Mr. Aatish is as follows,

Net Sales @ 5% GST - Rs. 1250000

Net Sales @ 12% GST - Rs. 1000000
Net Sales @ 18% GST - Rs. 500000
Inward Supply during the particular month,
Net Purchases @18% - Rs. 400000
Net Purchases @ 12% - Rs. 750000
Net Purchases @ 5% - Rs. 1000000
There is an Opening Credit Balance available in CGST Rs. 12500 and in SGST Rs. 10000. Compute Total
Tax to be Payable by Mr. Aatish for the month of January 2020.

Q.8. Invoice wise monthly Sales during the month of December 2019, of Mr. Billa is as follows,

Net Sales @ 12% GST - Rs. 250000

Net Sales @ 18% GST - Rs. 500000
Net Sales @ 28% GST - Rs. 750000
Inward Supply during the particular month,
Net Purchases @28% - Rs. 500000
Net Purchases @ 18% - Rs. 350000
Net Purchases @ 12% - Rs. 175000
There is an Opening Credit Balance available in CGST Rs. 8500 and in SGST Rs. 6000. Compute Total
Tax to be Payable by Mr. Billa for the month of December 2019.

Yeshwant Mahavidyalaya, Nanded