Question

course hero cooks department store filed gst returns monthly, and the gst rate is 5.7 the figures is in the following table represent the stores gst taxable sales and purchases for which gst is paid for the indicated months of year as part of year today review, determine cooks department stores net gst remittance and if they owe the government money or are intended to refund

Month	Purchases	Sales
January	$562238	$251254
Feb	743168	452918
mar	581031	328676
april	609825	210063
may	224328	712864

Answer 1

Net refund due to cooks department after month of May :- $43594.46