Class 10 SELINA Solutions Maths Chapter 1 - GST [Goods and Services Tax]
GST [Goods and Services Tax] Exercise Ex. 1(A)
Solution 1(a)
Correct Option: (ii) Rs. 1,416
Marked price = Rs. 1500
Discount = 20% on Rs. 1500 = Rs. 300
Then, discounted price = Rs. (1500 – 300) = Rs. 1200
GST = 18% on Rs. 1200 = Rs. 216
Hence, money paid for the article = Rs. 1200 + Rs. 216 = Rs. 1,416
Solution 1(b)
Correct Option: (iii) Rs. 3290
For article A,
Marked price = Rs. 1000
GST = 5% on Rs. 1000 = Rs. 50
Then, money paid for the article A = Rs. 1000 + Rs. 50 = Rs. 1,050
For article B,
Marked price = Rs. 2000
GST = 12% on Rs. 2000 = Rs. 240
Then, money paid for the article B = Rs. 2000 + Rs. 240 = Rs. 2,240
Hence, total amount to be paid for the bill = Rs. 1,050 + Rs. 2,240 = Rs. 3,290
Solution 1(c)
Correct Option: (iii) 0%
It is a case of inter-state transaction as goods are supplied from one state (Rajasthan) to another state (Punjab).
Hence, SGST = Nil = 0%
Solution 1(d)
Correct Option: (iv) 18%
In case of inter-state sales of goods or services, if GST is 18%, then IGST = 18%.
Solution 1(e)
Correct Option: (ii) Rs. 1,680
Marked price = Rs. 2000
Discount = Rs. 500
Then, discounted price = Rs. (2000 – 500) = Rs. 1500
GST = 12% on Rs. 1500 = Rs. 180
Hence, total amount to be paid = Rs. 1500 + Rs. 180 = Rs. 1,680
Solution 2
MRP = Rs. 12,000, Discount % = 30%, GST = 18%
Discount = 30% of 12,000 =
Selling price (discounted value) = 12000 - 3600 = Rs. 8400
CGST = 9% of 8400 = Rs. 756
SGST = 9% of 8400 = Rs. 756
IGST = 0
Amount of Bill = Selling price + CGST + SGST = 8400 + 756 + 756 = Rs. 9912
Solution 3
MRP = Rs. 50,000, Discount % = 20%, GST = 28%
Discount = 20% of 50,000 =
Selling price (discounted value) = 50,000 - 10,000 = Rs. 40,000
CGST = 0
SGST = 0
IGST = 28% of 40,000 =
Amount of Bill = Selling price + IGST = 40,000 + 11,200 = Rs. 51,200
Solution 4
Name of the person |
Repairing cost (in Rs.) |
Discount % |
Discount |
Selling price |
CGST (9%) |
SGST (9%) |
A |
5500 |
30 |
1650 |
3850 |
346.5 |
346.5 |
B |
6250 |
40 |
2500 |
3750 |
337.5 |
337.5 |
C |
4800 |
30 |
1440 |
3360 |
302.4 |
302.4 |
D |
7200 |
20 |
1440 |
5760 |
518.4 |
518.4 |
E |
3500 |
40 |
1400 |
2100 |
189 |
189 |
Total |
|
|
|
18,820 |
1693.8 |
1693.8 |
The total money (including GST) received by the mechanic is 18,820 + 1693.8 + 1693.8 = Rs. 22,207.6
Solution 5
Quantity |
MRP |
Total MRP |
Discount % |
Discounted price |
Selling price |
CGST 2.5% |
SGST 2.5% |
36 |
450 |
16200 |
10 |
1620 |
14580 |
364.5 |
364.5 |
48 |
720 |
34560 |
20 |
6912 |
27648 |
691.2 |
691.2 |
60 |
300 |
18000 |
30 |
5400 |
12600 |
315 |
315 |
24 |
360 |
8640 |
20 |
1728 |
6912 |
172.8 |
172.8 |
Total |
|
|
|
|
61740 | 1543.5 | 1543.5 |
Amount of bill = Selling price + GST
= Rs. 61740 + Rs. 1543.5 + Rs. 1543.5
= Rs. 64827
Solution 6
Amount of bill = Selling price + IGST
= 44,210 + 7961.76
= Rs. 52,167.8
Solution 7
MRP (in Rs.) |
Discount % |
CGST % |
Discounted value |
Selling price |
CGST |
SGST |
12,000 |
30 |
6 |
3600 |
8400 |
504 |
504 |
15,000 |
20 |
9 |
3000 |
12,000 |
1080 |
1080 |
9500 |
30 |
14 |
2850 |
6650 |
931 |
931 |
18,000 |
40 |
2.5 |
7200 |
10,800 |
270 |
270 |
|
|
|
|
37,850 |
2785 |
2785 |
Amount of bill = Selling price + CGST + SGST
= 37,850 + 2785 + 2785 = Rs. 43,420
Solution 8
MRP (in Rs. ) |
Discount |
Discounted value |
Selling price |
IGST |
IGST |
12,000 |
30 |
3600 |
8400 |
12 |
1008 |
15,000 |
20 |
3000 |
12,000 |
18 |
2160 |
9500 |
30 |
2850 |
6650 |
28 |
1862 |
18,000 |
40 |
7200 |
10,800 |
5 |
540 |
|
|
|
37,850 |
|
5570 |
Amount of bill = Selling price + GST
= 37,850 + 5570
= Rs. 43,420
Solution 9
Rate per piece (in Rs.) |
Quantity (no. of pieces) |
Discount % |
MRP |
Selling price |
IGST @18% |
180 |
10 |
Net |
1800 |
1800 |
324 |
260 |
20 |
20 |
5200 |
4160 |
748.8 |
310 |
30 |
Net |
9300 |
9300 |
1674 |
175 |
20 |
30 |
3500 |
2450 |
441 |
|
|
|
|
17,710 |
3187.8 |
Amount of bill = Selling price + IGST
= 17,710 + 3187.8
= Rs. 20,897.8
Solution 10
Number of services |
Cost of each service (in Rs.) |
GST % |
MRP |
IGST |
8 |
680 |
5 |
5440 |
272 |
12 |
320 |
12 |
3840 |
460.8 |
10 |
260 |
18 |
2600 |
468 |
16 |
420 |
12 |
6720 |
806.4 |
|
|
|
18,600 |
2007.2 |
Amount of bill = Selling price + IGST
= 18,600 + 2007.2
= Rs. 20,607.2
Solution 11
According to the question,
GST = 18% of 750
=
The amount of bill = 750 + 135 = Rs. 885
Solution 12
Let the total annual premium paid by Ms. Pratima be Rs. x.
According to the question, 18% of x = SGST + CGST
18% of x = 1800 ( SGST = CGST)
x = Rs. 10,000
Hence, total annual premium including GST = Rs. (10000 + 1800) = Rs. 11800
Solution 13
According to the question,
The amount of bill = 5000 × 2 + 1000 + 1000
= 10,000 + 2000
= Rs. 12,000
GST = 28% of 12,000
=
GST charged by Mr. Malik Rs. 3360.
GST [Goods and Services Tax] Exercise Ex. 1(B)
Solution 1(a)
Correct Option: (iii) expenses plus profit
Under GST ‘value addition’ refers to expenses plus profit.
Solution 1(b)
Correct Option: (ii) output tax
Input tax credit shall only be allowed against output tax.
Solution 1(c)
Correct Option: (iv) tax on value addition
Input tax credit means tax on value addition.
Solution 1(d)
Correct Option: (iii) Rs. (y – x)
Input tax credit = Output tax – Input tax = Rs. (y – x)
Solution 1(e)
Correct Option: (iii) Rs. 1,680
Cost price = Rs. 2000
Discount = 20% on Rs. 2000 = Rs. 400
Then, discounted price = Rs. (2000 – 400) = Rs. 1600
GST = 5% on Rs. 1600 = Rs. 80
Selling price for John = Rs. 1600 + Rs. 80 = Rs. 1680
Solution 2
When the goods/services are sold for Rs. 15,000 under intra-state transaction from station A to station B and the rate of GST is 12%.
As per GST System
- S.P. (excluding GST) at station A = Rs. 15,000
- CGST = 6% of 15,000 = Rs. 900
SGST = 6% of 15,000 = Rs. 900 - C.P. (excluding GST) at station B = Rs. 15,000
- If profit = Rs. 5000
S.P. at station B = 15,000 + 5000 = Rs. 20,000
Now the same goods/services are moved under inter-state transaction from station B to station C and the b rate of tax is 12%. - GST = 12% of 20,000 = Rs. 2400
- C.P. (excluding GST) at station C = Rs. 20,000
Solution 3
When the product is sold from Agra to Kanpur (intra-state transaction)
For the dealer in Agra :
S. P. in Agra = Rs. 20,000
CGST = 9% of Rs. 20,000 =
SGST = 9% of Rs. 20,000 =
When product is sold from Kanpur to Jaipur (inter-state transaction)
For the dealer in Kanpur
Input-tax credit = 1800 + 1800 = Rs. 3600
C. P. = Rs. 20,000 and Profit = Rs. 5000
S.P. = 20,000 + 5000 = Rs. 25,000
IGST = 18% of 25,000 = Rs. 4500
Net GST paid by the dealer at Kanpur
= Output GST - Input GST
= 4500 - 3600
= Rs. 900
Solution 4
For the dealer in Mumbai (inter-state transaction)
CP = Rs. 20,000
IGST = 12% of Rs. 20,000 =
Profit = Rs. 5000
SP = Rs. 25,000
For the dealer in Pune (intra-state transaction)
CP = Rs. 25,000
CGST = 6% of 25,000 = Rs. 1500
SGST = 6% of 25,000 = Rs. 1500
GST payable by the end user at Pune = 1500 + 1500 = Rs. 3000
Solution 5
For the dealer A (intra-state transaction)
SP = Rs. 8,000
For the dealer B (intra-state transaction)
CP = Rs. 8,000
CGST = 9% of 8,000 = Rs. 720
SGST = 9% of 8,000 = Rs. 720
Profit = Rs. 1,200
SP = Rs. 9,200
For the dealer C (inter-state transaction)
CP = Rs. 9,200
IGST = 18 % of Rs. 9,200 =
Input Tax = Rs. 1,656
Since, the dealer in Patna does not sell the product.
Output GST (tax on sale) = Rs. 0
Solution 6
For A (case of inter-state transaction)
S.P. in Meerut = Rs. 15,000
For B (case of inter-state transaction)
C.P.= Rs. 15,000
IGST = 18% of 15,000 =
Input tax for B = Rs. 2,700
S.P. in Ratlam = 15,000 + 3000 = Rs. 18,000
For C (case of intra-state transaction)
C.P.= Rs. 18,000
CGST = 9% of 18,000 =
SGST =
Out put tax for B = Rs. 1620 + Rs. 1620 = Rs. 3240
Net GST payable by the dealer B
= Output tax - Input tax
= 1620 + 1620 - 2700
= Rs. 540
Cost for the dealer C in Jabalpur
= S.P. for the dealer in Ratlam + GST
= 18,000 + 1620 + 1620
= Rs. 21,240
Solution 7
For the dealer X (intra-state transaction)
SP = Rs. 50,000
For the dealer Y (intra-state transaction)
CP = Rs. 50,000
CGST = 14% of 50,000 = Rs. 7,000
SGST = 14% of 50,000 = Rs. 7,000
Input tax for dealer Y = Rs. 14,000
Profit = Rs. 20,000
SP = Rs. 70,000
For the dealer Z (inter-state transaction)
CP = Rs. 70,000
IGST = 28 % of Rs. 70,000 =
∴ Input Tax = Rs. 19,600 which is the output tax for dealer Y.
Net GST payable for Y
= Output tax for Y - Input tax for Y
= 19,600 - 14,000
= Rs. 5600
Solution 8
- Output tax in Delhi (interstate) :
IGST = 9% of 50,000 = Rs. 9000
Output tax in Delhi = Rs. 9000 - Output tax in Kolkata :
C.P. in Kolkata = Rs. 50,000 and Profit = Rs. 20,000
S.P. in Kolkata = 50,000 + 20,000 = Rs. 70,000
IGST = 18% of 70,000 = Rs. 12,600
Output tax in Kolkata = Rs. 12,600 - Since, the dealer in Nainital does not sell the product.
Output GST (tax on sale) = Rs. 0
Solution 9
Initial marked price by manufacturer A is Rs. 6000
B bought the T.V. at a discount of 20%.
Cost price of B = 80% of 6000 = Rs. 4800 ….(i)
GST paid by B for purchase = 18% of 4800 = Rs. 864 ….(ii)
B sells T.V. at discount of 10% of market Price
Selling price for B = 6000 - 10% of 6000 = Rs. 5400 …(iii)
GST charged by B on selling of T.V. = 18% of 5400
= Rs. 972 …(iv)
GST paid by B to the government
= GST charged on selling price - GST paid against purchase price
= 972 - 864
= Rs. 108
Solution 10
Initial marked price by manufacturer A is Rs. 75,000
B bought the T.V. at a discount of 30%.
Cost price of B = 70% of 75,000 = Rs. 52,500 ….(i)
GST paid by B for purchase = 5% of 52,500 = Rs. 2625 ….(ii)
B sells T.V. by increasing marked price by 30%.
Selling price for B = 75,000 + 30% of 75,000 = Rs. 97,500 …(iii)
GST charged by B on selling of T.V. = 5% of 97,500
= Rs. 4875 …(iv)
GST paid by B to the government
= GST charged on selling price - GST paid against purchase price
= 4875 - 2625
= Rs. 2250
Solution 11
Marked price = Rs. 15,680
GST = 12% of 15,680 = Rs. 1881.6
Total price including GST = Rs. 17561.6
Price Gagan willing to pay including GST = Rs. 15,680
Let the reduced price be Rs. x, then
x + 12% of x = 15,680
x = Rs. 14000
Hence reduction in marked price = 15,680 - 14000 = Rs. 1,680
GST [Goods and Services Tax] Exercise TEST YOURSELF
Solution 1(a)
Correct Option: (ii) Rs. 920
Cost price = Rs. 8000
Profit = 15% on Rs. 8000 = Rs. 1200
Then, selling price = Rs. (8000 + 1200) = Rs. 9200
CGST = 5% on Rs. 9200 = Rs. 460
SGST = 5% on Rs. 9200 = Rs. 460
IGST = Nil
GST = Rs. (460 + 460) = Rs. 920
Solution 1(b)
Correct Option: (ii) Rs. 920
Cost price = Rs. 8000
Profit = 15% on Rs. 8000 = Rs. 1200
Then, selling price = Rs. (8000 + 1200) = Rs. 9200
IGST = 10% on Rs. 9200 = Rs. 920
CGST = Nil
SGST = Nil
GST = Rs. 920
Solution 1(c)
Correct Option: (iii) 18%
Let GST = x%
Then, x% on Rs. 10,000 = Rs. 1800
Then x = 18%
Solution 1(d)
Correct Option: (iii) Rs. 90
Cost price = Rs. 2000, Selling price = Rs. 2500
Tax liability on Manu = 18% on Rs, 2500 – 18% on Rs. 2000
= 18% on Rs. (2500 – 2000)
= 18% on Rs. 500
= Rs. 90
Solution 1(e)
Correct Option: (iv) Rs. 00
Ashok is the end user of the product, that is, Ashok does not sell the product.
Therefore, Output GST for Ashok (tax on sale) = Nil = Rs. 00
Note: Back answer is incorrect.
Solution 2
Items | Marked Price | Discount | Discounted value | Rate of GST | GST |
Face-cream | Rs. 350 | 12% | 88% on Rs. 350 = Rs. 308 | 12% | 12% on Rs. 308 = Rs. 36.96 |
Hair oil | Rs. 720 | - | Rs. 720 | 5% | 5% on Rs. 720 = Rs. 36 |
Telecom powder | Rs. 225 | 18% | 82% on Rs. 225 = Rs. 184.50 | 18% | 18% on Rs. 184.50 = Rs. 33.21 |
i. Total GST paid = Rs. (36.96 + 36 + 33.21) = Rs. 106.17
ii. Total bill amount including GST = Rs. (308 + 720 + 184.50) + Rs. 106.17
= Rs. 1212.50 + Rs. 106.17
= Rs. 1318.67
Solution 3
According to the question,
GST on ticket of Rs. 80 = 18% of 80 =
GST on ticket of Rs. 120 = 28% of 120 =
Difference between both GST = 33.60 - 14.40 = Rs. 19.20
Solution 4
Let the selling price of an A.C. = Rs. x
∴ x + 28% of x = 31200
⇒ x = Rs. 24375
⇒ Price of an A.C. without GST = Rs. 24375
(i)
GST = 28%
Total amount of GST = 28% of 24375 = Rs. 6825
(ii)
Taxable value of A.C. = Rs. 24375
(iii)
Amount of CGST = GST/2 = Rs. 3412.5
(iv)
Amount of SGST = GST/2 = Rs. 3412.5
Solution 5
For the wholesaler:
Marked price = Rs. 45000
Discount = 10% = Rs. 4500
S.P. = M.P. - Discount
= 45000 - 4500
= Rs. 40500
For the dealer:
C.P. = Rs. 40500
Discount = 4% of 45000 = Rs. 1800
S.P. = M.P. - Discount
= Rs. 45000 - Rs. 1800
= Rs. 43200
(i)
Tax paid by the dealer under GST
= Output tax - Input tax
= Tax on S.P. - Tax on C.P.
= 18% of 43200 - 18% of 40500
= 7776 - 7290
= Rs. 486
Since, the transaction is intra-state,
Tax paid by the dealer to the central and state government = CGST = SGST =
(ii)
GST paid by the dealer = 18% of 43200 = Rs. 7776
∴ GST received by government = 7776
Since, the transaction is intra-state, GST received by the central and state government = CGST = SGST =
(iii)
For the consumer:
C.P. = S.P. for dealer = Rs. 43200
GST paid by the consumer = 18% of 43200 = 7776
∴ Total amount paid by the consumer = Rs. (43200 + 7776) = Rs. 50976
Solution 6
For Rohit:
Input tax = Rs. 10,400
Output tax = Rs. 11,000
GST paid by Rohit = Output tax - Input tax = Rs. 600
SGST = CGST = Rs. 300
For Manish:
Input tax = Rs. 11000
Output tax = Rs. 11800
∴ GST paid by Manish = 11800 - 11000 = Rs. 800
∴ SGST = CGST = Rs. 400
Solution 7
(i)
Marked price of T.V. = 25000 + 20% of 25000 = Rs. 30000
(ii)
Marked price = Rs. 30000
Discount = 10% = Rs. 3000
∴ Cost price for consumer without tax = 30000 - 3000 = Rs. 27000
GST paid by the consumer = 12% of 27000 = Rs. 3240
∴ Consumer's cost price of TV inclusive of tax under GST = Rs. (27000 + 3240) = Rs. 30240
(iii)
For the retailer:
Input tax = 12% of 25000 = Rs. 3000
Output tax = 12% of 27000 = Rs. 3240
GST paid by the retailer to the Central and State Governments = Output tax - Input tax
= Rs. (3240 - 3000)
= Rs. 240
Solution 8
Marked price of an article = Rs. 6000
For the dealer:
Discount = 30%
C.P. = M.P. - 30% of M.P. = Rs. 4200
(i)
For the consumer:
M.P. = Rs. 6,000
Discount = 10%
C.P. = M.P. - 10% of M.P. = Rs. 5400
GST paid by the consumer = 5% of 5400 = Rs. 270
∴ The total amount paid by the consumer for the article = 5400 + 270 = Rs. 5670
(ii)
For the dealer:
Input tax = tax on purchase = 5% of 4200 = Rs. 210
Output tax = GST paid by consumer = Rs. 270
Tax under GST paid by the dealer to the central and state governments
= Output tax - Input tax
= Rs. (270 - 210)
= Rs. 60
So, tax under GST paid by the dealer to the state government is Rs. 30.
(iii)
GST received by the state and central governments = GST paid by the consumer
= Rs. 270
∴ Amount of tax under GST received by the central government is Rs. 135.
Solution 9
Marked price of an article = Rs. 20,000
(i)
For the dealer:
Cost price = Rs. 20,000
GST = 18% of Rs. 20,000 = Rs. 3600
So, the price of the article (inclusive of GST) for the shopkeeper is Rs. 23600.
(ii)
GST paid by the shopkeeper = Rs. 3600
For consumer:
Cost price = 20000 + 25% of 20000 = Rs. 25000
GST paid by the consumer = 18% of 25000 = Rs. 4500
∴ Input tax for the shopkeeper = Rs. 3600
Output tax for the shopkeeper = Rs. 4500
Tax paid by the shopkeeper to the government = Output tax - Input tax = Rs. 900.
Thus, the amount of tax, under GST, paid by the shopkeeper to the Government is Rs. 900.
Solution 10
Marked price of an A.C. = Rs. 64,000
(i)
For the distributor:
S.P. of A.C. without GST = 64000 - 25% of 64000 = Rs. 48000
GST paid = 18% of 48000 = Rs. 8640
S.P. of A.C. including GST, for the distributor = Rs. (48000 + 8640) = Rs. 56640
(ii)
GST paid by the distributor = 18% of 48000 = Rs. 8640
∴ Tax paid by the distributor to the State Government = GST/2 = Rs. 4320
(iii)
For the shopkeeper:
C.P. = S.P. for the distributor = Rs. 48000
Input tax = 18% of 48000 = Rs. 8640
Output tax = Tax paid by the consumer
C.P. for the consumer = Rs. 64000
GST paid by the consumer = 18% of 64000 = Rs. 11520
∴ Output tax = Rs. 11520
∴ Tax paid by the shopkeeper to the government = 11520 - 8640 = Rs. 2880
∴ The tax, under GST paid by the shopkeeper to the central government is Rs. 1440.
(iv)
Tax received by the state government = SGST paid by the consumer = Rs. = Rs. 5760
(v)
The price including tax under GST of the A.C. paid by the customer
= C.P. for the consumer + GST paid by the consumer
= 64000 + 18% of 64000
= Rs. 75520