Goods and Services Tax (GST)

If a T.V. is of the price: Rs 10,000 and GST = 18% then final price is

• 11800

• 10000

• 1800

• 18000

A consumer buys a T.V. whose marked price is Rs. 30,000 from a  dealer at a discount of 10%. If the rate of GST is 18%, find amount of tax (under GST) paid by the consumer for the purchase.

• Rs. 3000

• Rs. 4860

• Rs. 1800

• Rs. 3600

The marked price of a product is Rs. 4,000. A dealer sells the  product to a consumer in the same city at a profit of 20%. If the rate  of G.S.T is 12%, find:

i) IGST

• Rs. 288

• Rs. 216

• Rs. 0

• Rs. 144

The marked price of a product is Rs. 4,000. A dealer sells the  product to a consumer in the same city at a profit of 20%. If the rate  of G.S.T is 12%, find:

ii)the amount which the consumer pays for the product.

• Rs. 4800

• Rs. 5000

• Rs. 5376

• Rs. 6040

Mr. Amer visits the market and buys the following articles:  Shirt costing Rs. 1000, GST @ 5%

A pair of shoes costing Rs. 3000, GST @ 18%

Wrist watch costing Rs. 10000, with a discount of 40%, GST @ 18%

Calculate the total amount of GST paid.

• Rs. 2000

• Rs. 1670

• Rs. 1500

• Rs. 1660

The printed price of a handicraft bag is Rs. 2,000. A wholesaler in  Karnataka buys the bag from a manufacturer in West Bengal at a discount of  12% on the printed price. The wholesaler sells the bag to a retailer in Bihar  at 25% above the marked price. If the rate of GST on the bag is 5%, find:

i) price inclusive of tax (under GST) at which the wholesaler bought the bag.

• Rs. 1848

• Rs. 1760

• Rs. 88

• Rs. 1400

The printed price of a handicraft bag is Rs. 2,000. A wholesaler in  Karnataka buys the bag from a manufacturer in West Bengal at a discount of  12% on the printed price. The wholesaler sells the bag to a retailer in Bihar  at 25% above the marked price. If the rate of GST on the bag is 5%, find:

ii) the price inclusive of tax (under GST) at which the retailer bought the bag

• Rs. 125

• Rs. 2500

• Rs. 2625

• Rs. 2562

The printed price of a handicraft bag is Rs. 2,000. A wholesaler in  Karnataka buys the bag from a manufacturer in West Bengal at a discount of  12% on the printed price. The wholesaler sells the bag to a retailer in Bihar  at 25% above the marked price. If the rate of GST on the bag is 5%, find:

iii) the tax (under GST) paid by the wholesaler to the Government

• Rs. 88

• Rs. 37

• Rs. 22

• Rs. 56

The printed price of a handicraft bag is Rs. 2,000. A wholesaler in  Karnataka buys the bag from a manufacturer in West Bengal at a discount of  12% on the printed price. The wholesaler sells the bag to a retailer in Bihar  at 25% above the marked price. If the rate of GST on the bag is 5%, find:

iv) the tax (under GST) received by the Central Government

• Rs. 88

• Rs. 125

• Rs. 37

• Rs. 56

Mr. Agarwal goes to a shop to buy a suitcase which costs 4,130  (list price). The rate of GST is 18%. He tells the shopkeeper to reduce  the price to such an extent that he has to pay 4,130 inclusive of GST.  Find the reduction needed in the price of the suitcase.

• Rs. 500

• Rs. 630

• Rs. 125

• Rs. 525