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Question 5: Mr. Ajay, a registered supplier of goods, pays GST under regular scheme and provides the following information for the month of March 2020:

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Question 5: Mr. Ajay, a registered supplier of goods, pays GST under regular scheme and provides the following information for the month of March 2020: Particulars (i) Inter-state taxable supply of goods 10,00,000 (ii) Intra state taxable supply of goods 2,00,000 (iii) Intra state purchase of taxable goods 5,00,000 He has the following Input tax credit at the beginning of March 2020: Nature ITC Amount in CGST 20,000 SGST 30,000 IGST 25,000 Rate of CGST, SGST and IGST are 9%,9% and 18%respectively. Both inward and outward supplies are exclusively of taxes wherever applicable. All the conditions necessary for availing the ITC have been fulfilled. Compute the net GST payable by Mr. Ajay for the month of March 2020

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