GST in Trading Chain

Q.

Question 2 (v)

Express as rupees using decimals:
235 paise

Q. A manufacturer in Gujarat manufactures a machine and marks it at ₹50, 000. He sells the machine to a wholesaler in Jharkhand at a discount of 20%. The wholesaler sells the machine to a dealer in West Bengal at a discount of 10% on the marked price. If the rate of GST is 28%, the tax paid by the wholesaler to the Central Government is ₹_____.

1. 1, 100
2. 1, 200
3. 1, 300
4. 1, 400

Q.

A is a dealer in Banaras (U.P.). he supplies goods/services worth Rs.8000 to a dealer B in Agra (U.P.). Dealer B, in turn, supplies the same goods/services to dealer C in Patna (Bihar) at a profit of Rs.1200. Find the input and output taxes for the dealer C under GST system; if the rate of GST is 18% and C does not sell his goods/services further?

Q. 'Chetana Store' paid total GST of Rs 1, 00, 500 at the time of purchase and collected GST Rs 1, 22, 500 at the time of sale during 1^st of July 2017 to 31^st July 2017. Find the GST payable by Chetana Stores.

Q. An article is sold from Jodhpur(Rajasthan) to Indore(MP) for ₹ 800 and then from Indore to Bhopal(MP). If the rate of tax under GST is 12% and the Profit made by the dealer in Indore is ₹200 , then find the Net GST payable by the dealer in Indore.

1. ₹24
2. ₹36
3. ₹48
4. ₹12

Q. Dealer A in Jharkhand buys an article for ₹10000 from dealer B in Haryana. If the rate of GST is 18%, find the amount (including GST) paid by dealer A.

1. ₹12400
2. ₹11800
3. ₹10800
4. ₹12000

Q.

'Surya Electronics' purchased an AC having taxable value of ₹$35000$ and sold it to a consumer for ₹$40000$ (taxable value). Rate of GST is $18\%$. Find the GST payable by Surya Electronics.

1. ₹$1000$
2. ₹$500$
3. ₹$900$
4. ₹$1500$

Q. Reddy Gas Agency (Puducherry Union Territory) purchased some gas cylinders for industrial use for ₹44, 445, and sold them to the local customers for ₹50, 000. The GST is to be paid at the rate of 5%. The UTGST to be paid for this transaction is ₹_____. (for Union Territories there is UTGST instead of SGST.)

1. 138.5
2. 138.875
3. 277
4. 277.75

Q. A dealer in Jaipur supplies a TV worth ₹10, 000 to a dealer in Udaipur. The dealer in Udaipur supplies the same TV to a dealer in Delhi at a profit of ₹6, 000. Assuming that the dealer in Delhi is the end-user of the product and the rate of GST is 12%, find:

(i) Input tax for the dealer in Udaipur

[1 Mark ]

1. ₹600
2. ₹1, 200
3. ₹1, 600
4. ₹1, 920

Q. The Marked Price of an article is ₹50, 000. A wholesaler sells it to a dealer at 10% discount. The dealer further sells it to a customer at 20% profit. If the rate of GST at each stage is 18%, the amount of GST paid by the dealer is ₹_____.

1. 1, 620
2. 8, 100
3. 9, 720
4. 17, 820

Q. Raju is a proprietor of a firm, registered under GST. He has paid GST of ₹9, 800 on purchase and collected ₹11, 750 on sale. What is the amount of ITC to be claimed (in ₹)? What is the amount of GST payable (in ₹)?

1. 11, 750 and 1, 950
2. 1, 950 and 11, 750
3. 9, 800 and 1, 950
4. 1, 950 and 9, 800

Q.

Radhika bought a new mobile phone and saved ₹ 1000 when a discount of 10$\%$ was given. What was the price of the mobile phone before the discount? What was the selling price of the phone?
[4 MARKS]

Q. Ms. Ruhi is a wholesaler. She paid GST of ₹4500 at the time of purchase. She collected GST of ₹6200 at the time of sale.
(i) Find her input tax and output tax.
(ii) Find her payable GST and Input Tax Credit.
[2 Marks]

Q. A manufacturer in Gujarat manufactures a machine and marks it at ₹50000. He sells the machine to a wholesaler in Jharkhand at a discount of 20%. The wholesaler sells the machine to a dealer in West Bengal at a discount of 10% on the MP. If the rate of GST is 28%, find the tax paid by the wholesaler to the Central Government.

1. 1400

Q. Given is a table with cost of goods with their respective prices and discounts. Find the total amount paid for them if the GST rate is 18%.
$\begin{array}{ccccc}\text{MRP}& \text{₹}7200& \text{Rs.}8000& \text{₹}5400& \text{₹}6000\\ \text{Discount}\%& \text{20}& \text{30}& \text{40}& \text{50}\end{array}$

Q. A company provided Z-security services for the taxable value of ₹ 64, 500 . Rate of GST is $18\%$. Company had paid GST of ₹ 1550 for laundry services and uniforms etc. What is the amount of ITC (input Tax Credit)? Find the amount of CGST and SGST payable by the company.

Q. A dealer in Jaipur supplies a TV worth ₹10, 000 to a dealer in Udaipur. The dealer in Udaipur supplies the same TV to a dealer in Delhi at a profit of ₹6, 000. Assuming that the dealer in Delhi is the end-user of the product and the rate of GST is 12%, find:

(iv) Total CP for the dealer in Delhi

[1 Mark ]

1. ₹10, 000
2. ₹17, 200
3. ₹11, 920
4. ₹17, 920

Q. An article is sold from Jodhpur(Rajasthan) to Indore(MP) for ₹ 8000 and then from Indore to Bhopal(MP). If the rate of tax under GST is 12% and the Profit made by the dealer in Indore is ₹2000 , then find the Net GST payable by the dealer in Indore.

Q. Cost of sweets pet kg is ₹210and₹280 .There is a 10%cash back for the buyers on purchase of above two sweets two sweets 1kg each
For those who pay the amount in least number currency with a less face value ? So what denomination currency do you use to get after offer

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 %, Find the selling price in Gujarat including GST.

Q. Reddy Gas Agency (Puducherry Union Territory) purchased some gas cylinders for industrial use for ₹44, 445, and sold them to the local customers for ₹50, 000. The GST is to be paid at the rate of 5%. Find the UTGST to be paid for this transaction.(for Union Territories there is UTGST instead of SGST.)

Q.

'Surya Electronics' purchased an AC having taxable value of ₹$35000$ and sold it to a consumer for ₹$40000$ (taxable value). Rate of GST is $18\%$. Find the GST payable by Surya Electronics.

1. ₹$1000$
2. ₹$900$
3. ₹$500$
4. ₹$1500$

Q. A Dealer in Mumbai sold an Audi car to a dealer in Pune for ₹45 Lakhs and the Dealer in Pune sold it to the customer making a ₹3 Lakhs profit on it. If the rate of GST is 28%, how much GST will be paid to the Central Goverment in this transaction by the dealer in Pune?

1. ₹0.84 Lakhs
2. ₹1.68 Lakhs
3. ₹0.42 Lakhs
4. ₹0.36 Lakhs

Q. A product is sold from Kannauj(UP) to Banaras(UP) for ₹12000 and then from Banaras to Ranchi(Jharkhand) at a profit of ₹4000. If the rate of GST is 18% , find the net GST payable at Banaras.

1. ₹840
2. ₹680
3. ₹540
4. ₹720

Q. The Marked Price of an article is ₹50000. A wholeseller sells it to a dealer at 10% discount. The dealer further sells it to a customer at 20% profit. If the rate of GST at each stage is 18%, find the net tax liability of the dealer to the Government.

1. ₹1820
2. ₹1620
3. ₹1644
4. ₹1586

Q. A manufacturer in Gujarat manufactures a machine and marks it at ₹5000. He sells the machine to a wholesaler in Jharkhand at a discount of 20%. The wholesaler sells the machine to a dealer in West Bengal at a discount of 10% on the MP. If the rate of GST is 28%, find the net tax liability of the wholesaler to the Central Government.

1. ₹150
2. ₹280
3. ₹140
4. ₹70

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. ₹3560
2. ₹3120
3. ₹3400
4. ₹3240

Q. A dealer A in Jharkhand buys an article for ₹1100 from a dealer B in Haryana. A sells this article for ₹1200 to a dealer C in the same state. If the rate of GST at each stage is 18%, find the price(including GST) paid by the dealer A.

1. ₹1180
2. ₹1358
3. ₹1190
4. ₹1298

Q. A product is sold from Surat(Gujrat) to Ahmedabad(Gujrat) for ₹5000 and then from Ahmedabad to Jaipur(Rajasthan) at a profit of ₹1000. If the rate of GST is 12% , find the net GST payable at Ahmedabad.
[3 Marks]

Q. 'Surya Electronics' purchased an AC having taxable value of ₹$35000$ and sold it to a consumer for ₹$40000$ (taxable value). Rate of GST is $18\%$. Find the GST payable by Surya Electronics.