Finding CGST and SGST

Q.

The marked price of an article = ₹9000 and rate of GST on it is 18%. A shopkeeper buys this article at a reduced price and sells it at its marked price.

If the shopkeeper pays ₹162 as CGST to the government as part of his net tax liability, find the amount (excluding GST) paid (in ₹) by the shopkeeper for the article.

1. ₹3600
2. ₹7200
3. ₹1800
4. ₹9800

Q.

Given that H.C.F (306, 657) = 9, then L.C.M (306, 657) is 22, 332.

1. 21023

2. 19475

Q.

Two third of a consignment was sold at a profit of 5% and the remainder at a loss of 2%. If the total profit was Rs 400. Find the value of the consignment.

1. 15, 000

2. 1, 20, 000

3. 12, 000

4. 20, 000

Q. The price of TV set inclusive of sales tax of 9% is Rs 13, 407. Find its marked price. If the sales tax is increased to 13%. how much more does the customer pay for the TV?

Q.

MODVAT is related to -

1. Sales Tax

2. Income Tax

3. Wealth Tax

4. Excise Tax

Q.

What Are ‘subsidies’?

Q.

A taxi charges a flat rate of Rs. 1.75, plus an additional Rs. 0.65 per mile. If Erica has at most Rs.10 to spend on the cab ride, how far could she travel?

1. No more than 12.69 miles

2. No less than 12.69 miles

3. No less than 14.65 miles

4. No more than 14.65 miles

Q. Samir bought a shirt for ₹ 336, including 12% sales tax and a necktie for ₹110, including 10% sales tax. Find the printed price of shirt and necktie together ?

Q.

A trader buys an unfinished article for Rs 1800 and spends Rs 600 on its finishing, packing, transportation, etc. He marks the article at such a price that will give him 20% profit. How much will a customer pay for the article including 12% sales tax.

1. Rs 3285.60

2. Rs 4000.50

3. Rs 3000.50

4. Rs 3225.60

Q.

Can $0$ Be A Term Of GP?

Q. Prepare Business to Business (B2B) Tax Invoice as per the details given below. name of the supplier, address, Date etc. as per your choice. Supplier - Name, Address, State, GSTIN, Invoice No., Date
Recipient - Name, Address, State, GSTIN,
Items : (1) Pencil boxes 100, HSN - 3924, Rate - Rs 20, GST 12%
(2) Jigsaw Puzzles 50, HSN 9503, Rate - Rs 100 GST 12%.

Q.

A computer mechanic in Delhi charges repairing cost from 3 different persons A, B and C with certain discounts. The repairing costs and the corresponding discounts are as given below:

$\begin{array}{cccc}\text{Name of a person}& \text{A}& \text{B}& \text{C}\\ \text{Reparing cost (in ₹)}& 5500& 6250& 4800\\ \text{Discount}& 30& 40& 30\end{array}$

If the rate of GST is 18%, find the total money (including GST) received by the mechanic.

1. ₹12932.8
2. ₹10960
3. ₹1927.8
4. ₹1440

Q.

1. The manufacturer sold a TV to a wholesaler for Rs.7000. the wholesaler sold it to a trader at a profit of Rs.1000, find:H

1. The total VAT collected by the state government at the rate of 5%.

2. The amount that the customer pays for the TV>

Q. If the total GST charged on a certain article is ₹4200 and the SGST% is 14%, find the price of the article.

1. ₹15000
2. ₹12000
3. ₹21000
4. ₹18000

Q.

_____ and ____ are the two components of GST.

1. CGST, SGST

2. CGST, VAT

3. Service Tax, VAT

4. Service Tax, CGST

Q. Look at the following transactions :
A provided goods to B priced at ₹50000. B sold these to C marking it at ₹65000. If the rate of GST charged at each stage is 12%, find the GST paid by B to the Central government, assuming all these transactions are Intra-state.

1. ₹1800
2. ₹900
3. ₹1200
4. ₹600

Q.

The sale price of a motorcycle including 7% sales tax is Rs 38520. Find the list price. If a discount of 10% on the list price were given, what would have been the sale price?

1. List price = Rs 36000, Sale Price Rs 42699

2. List price = Rs 36000 , Sale Price Rs 34668

3. List price = Rs 6000, Sale Price Rs 34668

4. List price = Rs 6000, Sale Price Rs 42699

Q. A dealer buys a product in Gujarat for ₹2400 and sells it in Gujarat itself .If the rate of GST is 18%. How much CGST does the dealer pay to the central government?

1. ₹244
2. ₹216
3. ₹200
4. ₹196

Q. For the given trading chain prepare the tax invoice I, II, III, GST at the rate of 12% was chanrged for the article supplied.

(1) Prepare the statement of GST payable under each head by the wholesaler, distributor and retailer at the time of filing the return to the government.
(2) At the end what amount is paid by the consumer ?
(3) Write which of the invoices issued are B2B and B2C ?

Q.

If $79\oplus 86=6897$ then the value of $53\oplus 47=?$

Q. When 18% GST is being levied on a refrigerator costing ₹48, 500, the SGST is ₹.

1. 4468
2. 4365
3. 4288
4. 4556

Q. Mohit, Akbar and Rajeev live in the same city. Mohit sells an article to Akbar marked at ₹50000. Akbar sells the same article to Rajeev at a profit of ₹4000 for consumption. If all the transactions are under a GST of 12%, find the total tax received by the Central government(CGST).

1. 3240

Q.

The marked price of an item is Rs 8000. The manufacturing company of the item sells it to a shopkeeper at a discount of 15%. The shopkeeper sells it to consumer at the marked price. If the rate of sales tax (under VAT) on the item is 6%, find:

i) the amount of VAT paid by the company

ii) the amount of VAT paid by the shopkeeper

iii) the amount which the consumer paid for the item

1. Rs 408, Rs 50, Rs 8000

2. Rs 408, Rs 72, Rs 8480

3. Rs 408, Rs 72, Rs 8000

4. Rs 520, Rs 50, Rs 8000

5. Rs 520, Rs 72, Rs 8480

6. Rs 520, Rs 72, Rs 8000

Q.

1. What Is The Dual Gst Model

Q.

What are the 4 types of GST?

Q. Rajeev purchased a motorcycle which was quoted at Rs 23, 500. The shopkeeper charged sales tax at the rate of 10%. The shopkeeper also charges 2% extra central sales tax. Find the amount he had to pay for the motorcycle. ?

Q. 'A' is a manufacturer of electric iron. The cost price of each electric iron is Rs 1, 600. A sells to 'B' and 'B' sells to 'C' and 'C' sells them to 'D' the retailer. The tax rate is 12.5% and the profit is Rs 150 at each stage of the selling chain. Find (i) the total amount of VAT, and (ii) the amount that the purchaser will have to pay.
[4 MARKS]

Q.

Question 124

The table shows the cost of sunscreen of two brands with and without sales tax. Which brand has a greater sales tax rate? Give the sales tax rate of each brand ?$\begin{array}{ccc}\text{Quantity}& \text{Cost(in Rs.)}& \text{Cost+Tax(in Rs)}\\ X\left(100g\right)& 70& 75\\ Y\left(100g\right)& 62& 65\end{array}$

Q. A man sells a sari for Rs.2100 and makes a profit of 16.66%.Find the cost price of the sari

Q.

Find the single discount equivalent to two successive discount 50% and 60%