Sir if you purchase a product for rs 100 and @12% rs 12 gst is leived on
that, costing you to will be rs 112.andyou sell it for rs 120 + gst @
12% = ( 120 + 14 .4 =134.4). then the rs 12 paid by you will be setoff
against your 14.4 gst output liabili...
