M/s Bhola & Associates, dealing in sale/ purchase of used or second-hand cars, is registered under GST. During the current financial year, it…

M/s Bhola & Associates, dealing in sale/ purchase of used or second-hand cars, is registered under GST. During the current financial year, it effected following intra-State transactions: Particulars Purchase Price Sale Price Car 1 5,00,000 7,50,000 Car 2 3,00,000 2,75,000 Car 3 6,00,000 6,50,000 Car 4 8,00,000 9,50,000 M/s Bhola & Associates purchased Car 1, Car 2 and Car 3 from unregistered persons and Car 4 from registered person who charged GST of 1,30,000 and accordingly M/s Bhola & Associates had availed the input credit of the same. M/s Bhola & Associates is not conversant with GST provisions. Hence, it has approached you for determining his GST liability. Assume that the applicable rate of tax is 18% and the amounts given above are exclusive of GST.