Class 10 SELINA Solutions Maths Chapter 1 - GST [Goods and Services Tax]

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 

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 

The total money (including GST) received by the mechanic is 18,820 + 1693.8 + 1693.8 = Rs. 22,207.6

Amount of bill = Selling price + GST

= Rs. 61740 + Rs. 1543.5 + Rs. 1543.5

= Rs. 64827

Amount of bill = Selling price + IGST 

 = 44,210 + 7961.76

 = Rs. 52,167.8

Amount of bill = Selling price + CGST + SGST

 = 37,850 + 2785 + 2785  = Rs. 43,420

Amount of bill = Selling price + GST

 = 37,850 + 5570

 = Rs. 43,420

 Amount of bill = Selling price + IGST

  = 17,710 + 3187.8

 = Rs. 20,897.8

Amount of bill = Selling price + IGST 

 = 18,600 + 2007.2

 = Rs. 20,607.2

According to the question,

GST = 18% of 750

 =

The amount of bill = 750 + 135 = Rs. 885 

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

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.

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 

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

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

1. S.P. (excluding GST) at station A = Rs. 15,000
2. CGST = 6% of 15,000 = Rs. 900
   SGST = 6% of 15,000 = Rs. 900
3. C.P. (excluding GST) at station B = Rs. 15,000
4. 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%.
5. GST = 12% of 20,000 = Rs. 2400
6. C.P. (excluding GST) at station C = Rs. 20,000 

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

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

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

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

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

1. Output tax in Delhi (interstate) :
   IGST = 9% of 50,000 = Rs. 9000
   Output tax in Delhi = Rs. 9000
   
   
2. 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
   
   
3.  Since, the dealer in Nainital does not sell the product.
   Output GST (tax on sale) = Rs. 0

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

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

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

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 to the central government

= 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 inter-state.

Tax paid by the dealer to the state government = Rs. 0

(ii)

GST paid by the dealer = 18% of 43200 = Rs. 7776

∴ GST received by the central government = 7776

Since, the transaction is inter-state.

So, GST received by the state government = Rs. 0

(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. 50976

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

(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

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. 

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.

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