VAT paid by the retailer

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VAT paid by the retailer
(a) ₹ 180
(b) ₹ 110.40
(c) ₹ 96
(d) ₹ 14.40

Solution:

(d) ₹ 14.40

Explanation:

VAT deducted by the retailer = ₹ \\ \frac { 1380\times 8 }{ 100 }
VAT paid by wholesalers = ₹ 96.
Net VAT paid by his = ₹ 110.40 – 96.00
= ₹ 14.40

VAT collected by the Government on the sale of fan is
(a) ₹14.40
(b) ₹96
(c) ₹110.40
(d) ₹180

Solution:

(c) ₹110.40

Explanation:

VAT collected by the govt, on the sale of fan
= ₹ \\ \frac { 11040 }{ 100 }
= ₹ 110.40

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