Mathematics
Assertion (A) : For a trader X, GST paid is ₹ 600 and GST collected is ₹ 720. Therefore GST paid by the trader to the State Government is ₹ 120.
Reason (R) : GST deposited with the government = Output Tax - Input Tax = GST Collected - GST Paid
A is true, R is false.
A is false, R is true.
Both A and R are true.
Both A and R are false.
GST
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Answer
For trader X,
GST paid = ₹ 600
GST collected = ₹ 720
GST deposited with the government = GST Collected - GST Paid
= ₹ 720 - ₹ 600
= ₹ 120.
This tax will be divided between state and central government.
∴ GST paid by the trader to the State Government is not ₹ 120.
∴ Assertion (A) is false.
The reason (R) is true as, GST deposited with the government = Output Tax - Input Tax = GST Collected - GST Paid.
Hence, Option 2 is the correct option.
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