Goods and Service Tax Archives

Goods and Service Tax

A retailer buys an article at a discount of 15% on the printed price from a wholesaler. He marks up the price by 10% on the printed price but due to competition in the market, he allows a discount of 5% on the marked price to a buyer. If the rate of GST is 12% and the buyer pays Rs. 468.16 for the article inclusive of tax (under GST), find (i) the printed price of the article (ii) the profit percentage of the retailer

Class 10, Exercise 1, Goods and Service Tax, ICSE, Maths, ML Aggarwal

(i) Let us assume the printed price of the article be Rs. x The retailer marks up the price by 10% on the printed price So, the marked price by the retailer \[=\text{ }Rs.\text{ }x\text{...

The marked price of an article is Rs. 7500. A shopkeeper buys the article from a wholesaler at some discount and sells it to a consumer at the marked price. The sales are intra-state and the rate of GST is 12%. If the shopkeeper pays 90 as tax (under GST) to the State Government, find: (i) the amount of discount. (ii) the price inclusive of tax (under GST) of the article which the shopkeeper paid to the wholesaler

Class 10, Exercise 1, Goods and Service Tax, ICSE, Maths, ML Aggarwal

The marked price of the article \[=\text{ }Rs.\text{ }7500\] Let us assume the discount be x% Then, discount \[=\text{ }\left( x/100 \right)\text{ }x\text{ }Rs.\text{ }7500\text{ }=\text{...

Mukerjee purchased a movie camera for Rs. 25488. which includes 10% rebate on the list price and 18% tax (under GST) on the remaining price. Find the marked price of the camera.

Class 10, Exercise 1, Goods and Service Tax, ICSE, Maths, ML Aggarwal

Let us assume the marked price of the camera \[=\text{ }Rs.\text{ }100\] Rebate of 10% = 10% discount \[=\text{ }Rs.\text{ }10\] Remaining (selling) price of the camera \[=\text{ }Rs.\text{ }90\]...

A manufacturer listed the price of his goods at Rs. 1600 per article. He allowed a discount of 25% to a wholesaler who in turn allowed a discount of 20% on the listed price to a retailer. The retailer sells one article to a consumer at a discount of 5% on the listed price. If the sales are intrastate and the rate of GST is 5%, find: (i) the price per article inclusive of tax (under GST) which the wholesaler pays. (ii) the price per article inclusive of tax (under GST) which the retailer pays. (iii) the amount which the consumer pays for the article (iv) the tax (under GST) paid by the wholesaler to the State Government for the article. (v) the tax (under GST) paid by the retailer to the Central Government for the article. (vi) the tax (under GST) received by the State Government.

Class 10, Exercise 1, Goods and Service Tax, ICSE, Maths, ML Aggarwal

(i) The listed price per article \[~=\text{ }Rs.\text{ }1600\] Discount rate from the manufacture \[=\text{ }25%\] Discount \[=\text{ }\left( 25/100 \right)\text{ }x\text{ }Rs.\text{ }1600\text{...

A shopkeeper bought a washing machine at a discount of 20% from a wholesaler, the printed price of the washing machine being Rs. 18000. The shopkeeper sells it to a consumer at a discount of 10% on the printed price. If the sales are intra-state and the rate of GST is 12%, find: (i) the price inclusive of tax (under GST) at which the shopkeeper bought the machine (ii) the price which the consumer pays for the machine (iii) the tax (under GST) paid by the wholesaler to the State Government (iv) the tax (under GST) paid by the shopkeeper to the State Government (v) the tax (under GST) received by the Central Government

Class 10, Exercise 1, Goods and Service Tax, ICSE, Maths, ML Aggarwal

Printed Price of the washing machine \[=\text{ }Rs.\text{ }18000\] Discount rate \[=\text{ }20\text{ }%\] Discount \[=\text{ }\left( 20/100 \right)\text{ }x\text{ }Rs.\text{ }18000\] \[=\text{...

A Shopkeeper buys an article whose list price is Rs 8000 at some rate of discount from the wholesaler. He sells the article to a consumer at the list price. The sales are intra-state and the rate of GST is 18%. If the shopkeeper pays a tax (under GST) of 72 to the State Government, find the rate of discount at which he bought the article from the wholesaler.

Class 10, Exercise 1, Goods and Service Tax, ICSE, Maths, ML Aggarwal

According to ques,: List of price of an article \[=\text{ }Rs.\text{ }8000\] Let us assume the rate of discount given by wholesaler \[~=\text{ }x%\] So, Discount \[=\text{ }x%\text{...

Kiran purchases an article for Rs 5310 which includes 10% rebate on the marked price and 18% tax (under GST) on the remaining price. Find the marked price of the article.

Class 10, Exercise 1, Goods and Service Tax, ICSE, Maths, ML Aggarwal

Given: Rate of GST = 18% CP of an article \[=\text{ }x\text{ }\text{ }10%\text{ }of\text{ }x\] \[=\text{ }x\text{ }\text{ }\left( 10/100 \right)x\] \[=\text{ }90x/100\] \[=\text{ }9x/10\]...

A dealer in Maharashtra buys an article from a wholesaler in Maharashtra at a discount of 25%, the printed price of the article being Rs. 20000. He sells the article to a consumer in Telangana at a discount of 10% on the printed price. If the rate of GST is 12%, find (i) the tax (under GST) paid by the wholesaler to Governments. (ii) the tax (under GST) paid by the dealer to the Governments. (iii) the amount which the consumer pays for the article.

Class 10, Exercise 1, Goods and Service Tax, ICSE, Maths, ML Aggarwal

The printed price of the article \[=\text{ }Rs.\text{ }2000\] Discount rate \[=\text{ }25%\] Discount \[=\text{ }\left( 25/100 \right)\text{ }x\text{ }Rs.\text{ }20000\] \[=\text{ }Rs.\text{ }5000\]...

A shopkeeper in Delhi buys an article at the printed price of Rs 24000 from a wholesaler in Mumbai. The shopkeeper sells the article to a consumer in Delhi at a profit of 15% on the basic cost price. if the rate of GST is 12%, find: (i) The price inclusive of tax (under GST) at which the wholesaler bought the article. (ii) The amount which the consumer pays for the article. (iii) The amount of tax (under GST) received by the State Government of Delhi. (iv) The amount of tax (under GST) received by the Central Government.

Class 10, Exercise 1, Goods and Service Tax, ICSE, Maths, ML Aggarwal

According to ques,: (i) The price inclusive of tax, at which the wholesaler bought the article. CP of an article for shopkeeper is: \[=\text{ }Rs.\text{ }24000\] Rate of GST = 12% IGST...

A dealer in Delhi buys an article for Rs. 16000 from a wholesaler in Delhi. He sells the article to a consumer in Rajasthan at a profit of 25%. If rate of GST is 5%, find: (i) the tax (under GST) paid by the wholesaler to Government. (ii) the tax (under GST) paid by the dealer to the Government. (iii) the amount which the consumer pay for the article.

Class 10, Exercise 1, Goods and Service Tax, ICSE, Maths, ML Aggarwal

Cost price of the article for the dealer \[=\text{ }16000\] As the sales are interstate the GST will go the central government \[GST\text{ }=\text{ }\left( 5/100 \right)\text{ }\times \text{...

The printed price of an article is Rs 40000. A wholesaler in Uttar Pradesh buys the article horn a manufacturer in Gujarat at a discount of 10% on the printed price. The wholesaler sells the article to a retailer in Himachal at 5% above the printed price. If the rate of GST on the article is 18%, find: (i) The amount inclusive of tax (under GST) paid by the wholesaler for the article. (ii) The amount inclusive of tax (under GST) paid by the retailer for the article. (iii) The amount of tax (under GST) paid by the wholesaler to the Central Government. (iv) The amount of tax (under GST) received by the Central Government.

Class 10, Exercise 1, Goods and Service Tax, ICSE, Maths, ML Aggarwal

Here, both given sales from manufacturer to wholesaler and wholesaler to retailer are: inter-state. So, \[CGST\text{ }=\text{ }SGST\text{ }=\text{ }0\] \[GST\text{ }=\text{ }IGST\] According to...

A shopkeeper buys an article from a manufacturer for Rs 12000 and marks up it price by 25%. The shopkeeper gives a discount of 10% on the marked up price and he gives a further off-season discount of 5% or, the balance to a customer of TV. If the sales are intra-state and the rate of CST is 12%, find: (i) The price inclusive of tax (under GST) which the consumer pays for the TV. (ii) The amount of tax (under GST) paid by the shopkeeper to the Stale Government. (iii) The amount of tax (under CST) received by the Central Government.

Class 10, Exercise 1, Goods and Service Tax, ICSE, Maths, ML Aggarwal

It is a case of intra-state transaction of goods and services. \[SGST\text{ }=\text{ }CGST\text{ }=\text{ }{\scriptscriptstyle 1\!/\!{ }_2}\text{ }GST\] According to ques,: (i) The price inclusive...

A retailer buys a TV from a wholesaler for Rs 40000. He marks the price of the T.V. 15% above his cost price and sells it to a consumer at 5% discount on the marked price. If the sales are intra-state and the rate of GST is 12%, find: (i) The marked price of the TV. (ii) The amount which the consumer pays for the TV. (iii) The amount of tax (under GST) paid by the retailer to the Central Government. (iv) The amount of tax (under GST) received by the State Government.

Class 10, Exercise 1, Goods and Service Tax, ICSE, Maths, ML Aggarwal

It is a case of intra-state transaction of goods and services. hence, \[SGST\text{ }=\text{ }CGST\text{ }=\text{ }{\scriptscriptstyle 1\!/\!{ }_2}\text{ }GST\] According to ques,: (i) The marked...

The printed price of an article is Rs 50000. The wholesaler allows a discount of 10% to a shopkeeper. The shopkeeper sells the article to a consumer at 4% above the marked price. If the sales are intra-state and the rate of GST is 18%, find: (i) The amount inclusive of tax (under GST) which the shopkeeper pays for the articles. (ii) The amount paid by the consumer for the article. (iii) The amount of tax (under GST) paid by the shopkeeper to the Central Government. (iv) The amount of tax (under GST) received by the State Government.

Class 10, Exercise 1, Goods and Service Tax, ICSE, Maths, ML Aggarwal

It is a case of intra-state transaction of goods and services. \[SGST\text{ }=\text{ }CGST\text{ }=\text{ }{\scriptscriptstyle 1\!/\!{ }_2}\text{ }GST~~\] According to ques,: Marked price of an...

A dealer buys an article at a discount of 30% from the wholesaler, the marked price being Rs 6000. The dealer sells it to a consumer at a discount of 10% on the marked price. If the sales are intra-state and the rate of GST is 5%. Find: (i) The amount paid by the consumer for the article. (ii) The tax (under GST) paid by the dealer to the State Government. (iii) The amount of tax (under GST) received by the Central Government.

Class 10, Exercise 1, Goods and Service Tax, ICSE, Maths, ML Aggarwal

It is a case of intra-state transaction of goods and services. \[SGST\text{ }=\text{ }CGST\] \[=\text{ }{\scriptscriptstyle 1\!/\!{ }_2}\text{ }GST\] According to ques,: Marked price of an article...

A shopkeeper buys a camera at a discount of 20% from a wholesaler. The printed price of the camera being Rs 1600. The shopkeeper tells it to a consumer at the printed price. If the sales are intra-state and the rate of GST Is 12%, find: (i) GST paid by the shopkeeper to the Central Government (ii) GST received by the Central Government. (iii) GST received by the State Government. (iv) The amount at which the consumer bought the camera.

Class 10, Exercise 1, Goods and Service Tax, ICSE, Maths, ML Aggarwal

It is a case of intra-state transaction of goods and services. \[SGST\text{ }=\text{ }CGST\text{ }=\text{ }{\scriptscriptstyle 1\!/\!{ }_2}\text{ }GST\] According to ques,: Printed price of a camera...

A manufacture sells a T.V to a dealer for Rs.18000 and the dealer sells it to a consumer at a profit of Rs 1500. If the sales are intra state and the rate of G.S.T is 12 %, Find: (i) The amount of GST paid by the dealer to the State Government. (ii) The amount of GST received by the Central Government. (iii) The amount of GST received by the State Government. (iv) The amount that the consumer pays for the TV.

Class 10, Exercise 1, Goods and Service Tax, ICSE, Maths, ML Aggarwal

A manufacture buys raw material worth Rs. 7500 paying GST at the rate of 5%. He sells the finished product to a dealer at 40% profit. If the purchased and the sale both are intra-state and the rate of GST for the finished product is 12%, find: (i) the input tax (under GST) paid by the manufacturer. (ii) the output tax (under GST) collected by the manufacturer. (iii) the tax (under GST) paid by the manufacturer to the Central and State Governments. (iv) the amount paid by the dealer for the finished product.

Class 10, Exercise 1, Goods and Service Tax, ICSE, Maths, ML Aggarwal

(i) Cost of the raw material \[=\text{ }Rs.\text{ }7500\] The rate of GST \[=\text{ }5%\] The input tax (under GST) paid by the manufacturer \[=\text{ }5%\text{ }of\text{ }Rs.\text{ }7500\]...

A dealer buys an article for Rs.6000 from a wholesaler. The dealer sells the article to a consumer at 15% profit. If the sales are intra-state and the rate of GST is 18%, find (i) input CGST and input SGST paid by the dealer. (ii) output CGST and output SGST collected by the dealer. (iii) the net CGST and SGST paid by the dealer. (iv) the total amount paid by the consumer.

Class 10, Exercise 1, Goods and Service Tax, ICSE, Maths, ML Aggarwal

Selling price of the wholesaler \[=\text{ }Rs.\text{ }6000\] Cost price of the dealer \[=\text{ }Rs.\text{ }6000\] When sold at a profit of 15% to the consumer Profit \[~=\text{ }\left( 15/100...

A shopkeeper buys an article from a wholesaler for Rs. 20000 and sells it to consumer at 10% profit. If the rate of GST is 12%, find the tax liability of the shopkeeper.

Exercise 1, Goods and Service Tax, ICSE, Maths, ML Aggarwal

Selling price of the wholesaler \[~=\text{ }Rs.\text{ }20000\] Now, the cost price for the shopkeeper \[=\text{ }Rs.\text{ }20000\] When sold at a profit of 10% Profit \[=\text{ }\left( 10/100...

The marked price of an article is 12500. A dealer in Kolkata sells the article to a consumer in the same city at a profit of 8%. If the rate of GST is 18%, find (i) the selling price (excluding tax) of the goods. (ii) IGST, CGST and SGST paid by the dealer to the Central and State Governments. (iii) the amount which the consumer pays for the article

Exercise 1, Goods and Service Tax, ICSE, Maths, ML Aggarwal

(i)The marked price of the article \[=\text{ }Rs.\text{ }12500\] When sold at a profit of 8% Profit \[=\text{ }\left( 8/100 \right)\text{ }x\text{ }Rs.\text{ }12500\] \[=\text{ }Rs.\text{ }1000\]...

A shopkeeper buy goods worth Rs. 4000 and sells these at a profit of 20% to a consumer in the same state. If GST is charged at 5%, find: (i) the selling price (excluding tax) of the goods. (ii) CGST paid by the consumer. (iii) SGST paid by the consumer. (iv) the total amount paid by the consumer.

Exercise 1, Goods and Service Tax, ICSE, Maths, ML Aggarwal

(i) Actual price of the goods \[=\text{ }Rs.\text{ }4000\] When sold at a profit of 20% Profit \[=\text{ }\left( 20/100 \right)\text{ }x\text{ }Rs.\text{ }4000\] \[=\text{ }Rs.\text{ }800\] Thus,...

An article is marked at ₹ 15000. A dealer sells it to a consumer at 10% profit. If the rate of GST is 12%, find: (i) the selling price (excluding tax) of the article. (ii) the amount of tax (under GST) paid by the consumer. (iii) the total amount paid by the consumer.

Class 10, Exercise 1, Goods and Service Tax, ICSE, ML Aggarwal

(i) Marked price of the article \[=\text{ }Rs.\text{ }15000\] When sold at 10% profit Profit , \[=\text{ }\left( 10/100 \right)\text{ }x\text{ }Rs.\text{ }15000\] \[=\text{ }Rs.\text{ }1500\] Thus,...

Mukerjee purchased a movie camera for Rs. 25488. which includes 10% rebate on the list price and 18% tax (under GST) on the remaining price. Find the marked price of the camera.

Kiran purchases an article for Rs 5310 which includes 10% rebate on the marked price and 18% tax (under GST) on the remaining price. Find the marked price of the article.

A shopkeeper buys an article from a wholesaler for Rs. 20000 and sells it to consumer at 10% profit. If the rate of GST is 12%, find the tax liability of the shopkeeper.

A shopkeeper buy goods worth Rs. 4000 and sells these at a profit of 20% to a consumer in the same state. If GST is charged at 5%, find: (i) the selling price (excluding tax) of the goods. (ii) CGST paid by the consumer. (iii) SGST paid by the consumer. (iv) the total amount paid by the consumer.

An article is marked at ₹ 15000. A dealer sells it to a consumer at 10% profit. If the rate of GST is 12%, find: (i) the selling price (excluding tax) of the article. (ii) the amount of tax (under GST) paid by the consumer. (iii) the total amount paid by the consumer.

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