I'LL MARK AS BRAINLIEST.....PLEASE EXPLAIN ME IN BREIF THE GST PAYABLE MEANS WHA...

Questions

September 2021 2 40 Report

I'LL MARK AS BRAINLIEST.....

PLEASE EXPLAIN ME IN BREIF THE GST PAYABLE MEANS WHAT.......

EXPLAIN THE MEANING OF INPUT TAX AND OUTPUT TAX....

patu311
Under GST, the output GST (SGST+CGST+IGST) resulting from outward supply is payable. Unlike VAT where the net tax liability (after adjusting for Input VAT) is considered as payable.

patu311 hii

patu311 yu r studying in 10th now I maharastra

shreya32457 yaah

shreya32457 but I'm not getting this ...

shreya32457 from supplier to supplier chain and etc....

shreya32457 means wholesaler supplies for 5000 then nest supplies for 6000 and after it supplies for 6500 so then next supplies for....how much?

vershachhikara Output VAT is the valu added tax that you calculate and charge on your own sales of goods and services if you are registered for VAT. Output VAT must be charged on sales both to other businesses and to ordinary consumers. Input VAT is the value added tax added to the price that you pay for eligible goods or services.

shreya32457 hey......your answer is different and my question is different

patu311 kk

patu311 yur answer is correct

patu311 kk

patu311 yu right and I wrong kk