GST Calculation

Q.

GST payable = Output Tax - Input Tax Credit

1. True

2. False

Q.

Sakshi invests a part of Rs. 12, 000 in $12\%$ stock at Rs. 120 and the remainder in $15\%$ stock at Rs. 125. If her total dividend per annum is Rs. 1360, how much does she invest in $12\%$ stock at Rs. 120?

1. 5000

2. 4000

3. 4500

4. 5500

Q.

Express as rupees using decimals: $7$ paise

Q.

Question 92

Lemons were bought at Rs. 48 per dozen and sold at the rate of Rs. 40 per 10. Find the gain or loss per cent.

Q.

Question 82

Kritika ordered one pizza and one garlic bread from a pizza store and paid Rs. 387 inclusive of taxes of Rs. 43. Find the tax $\%$.

Q. Does marked price include tax?

Q. Find the final amount to be paid for the following inter-state transaction of services provided by some consulting agency.

$\begin{array}{ccccc}\text{Cost of Service (in ₹)}& 1000& 2000& 2400& 800\\ \text{GST}\%& 18& 12& 12& 5\end{array}$

1. ₹6768
2. ₹6820
3. ₹6888
4. ₹6948

Q. Ahmed went to watch a movie in a PVR near him. For tickets below ₹300, the GST charged was 18% and for the tickets above ₹300 it was 28%. He bought 2 tickets of ₹280 each and 3 for ₹540 each. How much did Ahmed finally pay for the 5 tickets including GST?

1. ₹2734.4
2. ₹2704.2
3. ₹2764.6
4. ₹2748.4

Q. A dealer in Chennai(TN) sells goods to a dealer in Bengaluru for ₹35000. The dealer in Bengaluru(Karnataka) makes a profit of ₹5000 on these goods and sells it to a dealer in Jaipur (Rajasthan). If the rate of GST at each stage is 18%, find the Net Tax liability of the dealer in Bengaluru.

1. ₹500
2. ₹900
3. ₹450
4. ₹360

Q. Malik Gas Agency (Chandigarh Union Territory) purchased some gas cylinders for industrial use for Rs 24, 500, and sold them to the local customers for Rs 26, 500. Find the GST to be paid at the rate of 5% and hence the CGST and UTGST to be paid for this transaction. (for Union Territories there is UTGST instead of SGST.)

Q.

4 tables and 3 chairs, together, cost Rs. 2, 250 and 3 tables and 4 chairs cost Rs.1950.Find the cost of 2 chairs and 1 table.

Q.

Question 111

Living on his own Sanjay is looking for one bedroom apartment for rent. At Neelgiri apartment, rent for the first two months is 20% off. The one bedroom rate at Neelgiri is Rs.6000 per month. At Savana apartment, the first month is 50% off. The one bedroom rate at Savana apartment is 7000 per month. Which apartment will be cheaper for the first two months? By how much?

Q.

Question 84

Devangi's phone subscription charges for the period 17 - 02 - 09 to 16 - 03 - 09 were as follows
$\begin{array}{ccc}\text{Period}& \text{Amount(in Rs)}& \text{Service tax}\%\\ 17-02-09to23-02-09& 199.75& 12\%\\ 24-02-09to16-03-09& 599.25& 10\%\end{array}$
Find the final bill amount, if 3 $\%$education cess was also charged on service tax.

Q.

If a computer costs $\$600.00$and the sales tax rate is$7.5$percent, what is the total cost of the computer?

Q.

Nabin and Sandip started a business by investing Rs. 9000 and Rs. 12000 respectively. After a year, they make a profit of Rs. 1400. Then, Nabin will get a profit of ________.

1. Rs. 700

2. Rs. 600

3. Rs. 300

4. Rs. 890

Q. If the rate of sales tax is $5\%$, Simran has to pay $Rs7,140$ for the steel cupboard. What amount she has to pay if the sales tax is increased by $2\%$
[4 MARKS]

Q.

A bicycle dealer buys 30 Razorback cycles for ₹48000. Of these, 10 are with gears and the rest are without gears. At what price must he sell each geared cycle so that if he sells the non - geared ones at 3/4th of their cost price, he makes a profit of 40% on his total outlay.

1. ₹4320

2. ₹4200

3. ₹4520

4. ₹5020

Q. Reena goes to purchase a motorcycle which is priced at Rs 35, 640 including $10\%$ as sales tax. However, the actual rate of sales tax at the time of purchase is $7\%$. Find the extra profit made by the shopkeeper if he still charges the original listed price.
[4 MARKS]

Q. A dealer gets a scooty from Maharashtra at ₹60000. He sells it in Gujarat at a profit of 20%. If the GST rate is 12 %, SP in Gujarat including GST is

1. ₹82640
2. ₹83420
3. ₹84620
4. ₹80640

Q.

The coach of a cricket team buys 7 bats and 6 balls for Rs.3800. Later, he buys 3 bats and 5 balls for Rs.1750. Find the cost of each bat and each ball.

Q. 18% GST on an article worth ₹1000 gives SGST of :

1. ₹90
2. ₹180
3. ₹18
4. ₹9

Q. There is $12\%$ sales tax on a Rs. $550$ item. How much is the sales tax and how much do I pay total?

1. $161$
2. $616$
3. $66$
4. $566$

Q. ______ is an additional amount of money you pay based on a percentage of the selling price of goods and services that are purchased.

1. property tax
2. income tax
3. sales tax
4. VAT

Q. What is the total amount paid by a customer who buys an article worth ₹250 from a shop (intra-state transaction) and the GST charged on it is 18%?
$\left[2Marks\right]$

Q. Mahesh bought a leather coat, quoted at Rs. $12000$ for Rs. $30000$ after paying the sales tax. Calculate the rate of sales tax charged.

1. $200\%$
2. $100\%$
3. $150\%$
4. $250\%$

Q. If the GST rate was 20% instead of 18% on an article worth ₹500, what would be the total GST collected?

1. ₹90
2. ₹100
3. ₹200
4. ₹180

Q. The cost of pair of shoes is $Rs.450$. The sales tax charged was $6\%$. Find the bill amount.

Q. An item that is priced $Rs.50$ was sold for a total cost of $Rs.60$. What percent sales tax rate was applied?

1. $20$%
2. $10$%
3. $30$%
4. none

Q. Sam bought a TV which was quoted at Rs. $15000$. If he rate of sales tax is $10\%$, find the amount he had to pay for the TV.

1. $17500$
2. $18500$
3. $15500$
4. $16500$

Q. The buying price of 5 kg of flour at Rs.15 per kg when 5% sales tax is added, will be

1. Rs.78.75
2. Rs.68.75
3. Rs.88.75
4. None of these