Consider the following data relating to the financial year 2021-2022 and answer the following questions based on this data.
What is the value of net indirect taxes?
Answer & explanation
Correct answer: option 2
The correct answer is option 2: ₹1,000
GNPFC = GNPMP - Net Indirect Taxes or
GNPMP = GNPFC +Net Indirect Taxes or
Net Indirect Taxes= GNPMP - GNPFC
Net Indirect Taxes =₹1,06,000 - ₹1,05,000
= ₹ 1,000