In the table below, with a GST rate of 5 percent, how much does each producer (a)
Question:
In the table below, with a GST rate of 5 percent, how much does each producer
(a) Collect in GST;
(b) Receive as a GST credit; and
(c) Remit to the government?
Transcribed Image Text:
Sale value GST collected GST credit GST remitted Sale by producer X to producer Y $200.00 Sale by producer Y to producer Z $600.00 Sale by producer Z to consumer $1,600.00
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Sale value a GST b GST credit c GST ...View the full answer
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Somshukla Chakraborty
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I have completed my graduation and master's in history from Jadavpur University Kolkata,India in 2012 and I have completed my B.Ed from the same University in 2013. I have taught in a reputed school of Kolkata (subjects-History,Geography,Civics,Political Science) from 2014-2016.I worked as a guest lecturer of history in a college of Kolkata for 2 years teaching students of 1st ,2nd and 3rd year. I taught Ancient and Modern Indian history there.I have taught in another school in Mohali,Punjab teaching students from classes 9-12.Presently I am working as an online tutor with concept tutors,Bangalore,India(Carve Niche Pvt.Ltd.) for the last 1year and also have been appointed as an online history tutor by Course Hero(California,U.S) and Vidyalai.com(Chennai,India).
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Related Book For
Public Finance In Canada
ISBN: 9781259030772
5th Canadian Edition
Authors: Harvey S. Rosen, Ted Gayer, Jean-Francois Wen, Tracy Snoddon
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