Selina ICSE Class 10 Maths Solutions Chapter 1 Gst Goods And Services Tax

Question 1. For the following transaction within Delhi, fill in the blanks to find the amount of bill: MRP = Rs. 12,000, Discount % = 30%, GST = 18%
Discount =
Selling price (discounted value) = CGST =
SGST = IGST =
Amount of Bill =
Solution :
It is given that,
MRP = Rs. 12,000
Discount Percentage = 30%
GST= 18%
Calculation of Discount Amount:-
Discount = 30% of Rs. 12,000
Discount = Rs. 12000 × 30/100
Discount = Rs. 3600
Calculation of Selling Price:-
Selling price = MRP – Discount
Selling price = Rs. 12,000 – Rs. 3,600
Selling price = Rs. 8,400
Calculation of GST:-
CGST = 9% of Rs. 8,400              SGST= 9% of 8400
CGST = Rs. 8,400 × 9/100          SGST= Rs. 8,400 × 9/100
CGST = Rs. 756                            SGST = Rs. 756

Question 2. For the following transaction from Delhi to Jaipur, fill in the blanks to find the amount of bill:
MRP = Rs. 50,000, Discount % = 20%, GST = 28%
Discount =
Selling price (discounted value) = CGST =
SGST = IGST =
Amount of Bill =
Solution :
It is given that,
MRP = Rs. 50,000
Discount % = 20%
GST= 28%
Calculation of Discount:-
Discount = 20% of Rs .50,000
Discount = Rs. 50,000 × 20/100
Discount = Rs. 10,000
Calculation of Selling Price:-
Selling price = Rs. 50,000 – Rs. 10,000
Selling price = Rs. 40,000
Calculation of GST:-
IGST = 28% of 40,000
IGST = Rs. 40,000 × 28/100
IGST = Rs. 11,200
Calculation of Amount of Bill:-
Amount of Bill = Selling price + IGST
Amount of Bill = 40,000 + 11,200
Amount of Bill = Rs. 51,200
Hence, the amount of bill is Rs. 51,200

Question 3. A computer mechanic in Delhi charges repairing cost from five different persons A, B, C, D and E with certain discounts. The repairing costs and the corresponding discounts are as given below:

If the rate of GST is 18%, find the total money (including GST) received by the mechanic.

Solution:

Calculation of Amount received by Mechanic:-
Amount Received = Selling Price + CGST + SGST
Amount Received = 18,820 + 1693.8 + 1693.8
Amount Received = Rs. 22,207.6

Question 4. Find the amount of bill for the following intra-state transaction of goods/services. The GST rate is 5%.

Solution :

Calculation of Billing Amount:-
Bill Amount = Selling price + CGST + SGST
Bill Amount = 10,290 + 257.25 + 257.25
Bill Amount = Rs. 10,804.5
Hence, the billing amount is Rs. 10,804.5

Question 5. Find the amount of bill for the following inter-state transaction of goods/services. The GST rate is 18%.

Solution :

Calculation of Billing Amount:-
Bill Amount = Selling price + CGST + SGST
Bill Amount = 44,210 + 3978.9 + 3978.9
Bill Amount = Rs. 52,167.8
Hence, the billing amount is Rs. 52,167.8

Question 6. Find the amount of bill for the following intra-state transaction of goods/services.

Solution :

Calculation of Billing Amount:-
Bill Amount = Selling price + CGST + SGST
Bill Amount = 37,850 + 2785 + 2785
Bill Amount = Rs. 43,420
Hence, the billing amount is Rs. 43,420

Question 7. Find the amount of bill for the following inter-state transaction of goods/services.

Solution :

Calculation of Billing Amount:-
Bill Amount = Selling price + IGST
Bill Amount = 37,850 + 5,570
Bill Amount = Rs. 43,420
Hence, the billing amount is Rs. 43,420
Note:- Rate of IGST id twice the Rate of CGST.

Question 8. A dealer in Mumbai supplied an item at the following prices to a dealer in Delhi. Find the total amount of the bill.

Solution :

Calculation of Billing Amount:-
Bill Amount = Selling price + IGST
Bill Amount = 17,710 + 3,187.8
Bill Amount = Rs. 20,897.8
Hence, the billing amount is Rs. 20,897.8
Note:- Rate of IGST id twice the Rate of CGST.

Question 9. National Trading Company, Meerut (UP) made the supply of the following goods/services to Samarth Traders, Noida (UP). Find the total amount of bill if the rate of GST = 12%.

Solution :

Calculation of Billing Amount:-
Bill Amount = Selling Price + SGST + CGST
Bill Amount = 17,220 + 1,033.2 + 1,033.2
Bill Amount = Rs. 19,286.4
Hence, the billing amount is Rs. 19,286.4

Question 10. M/s Ram Traders, Delhi, provided the following services to M/s Geeta Trading Company in Agra (UP). Find the amount of bill:

Solution :

Calculation of Billing Amount:-
Bill Amount = MRP + IGST
Bill Amount = 18,600 + 2,007.2
Bill Amount = Rs. 20607.2
Hence, the billing amount is Rs. 20607.2

Question 11. For the following, find the amount of bill data:

Calculation of Billing Amount:-
Bill Amount = Selling Price + IGST
Bill Amount = 15,168 + 2,634.24
Bill Amount = Rs. 17,802.24
Hence, the billing amount is Rs. 17,802.24

Question 12. The tax invoice of a telecom service in Meerut shows cost of services provided by it as Rs. 750. If the GST rate is 18%, find the amount of the bill.
Solution :
It is given that,
The cost of the services is Rs. 750
Amount of GST = Rs. 750 × 18/100
Amount of GST = Rs. 135
Amount of bill = Rs. 750 + Rs. 135
Amount of bill = Rs. 885
Hence, the amount of the bill is Rs. 885

Question 13. Mr. Pankaj took Health Insurance Policy for his family and paid Rs. 900 as SGST. Find the total annual premium paid by him for this policy, rate of GST being 18%.
Solution :
It is the given that the amount of SGST is Rs. 900
We know that CGST = SGST
Let the premium of the Insurance Policy is Rs. x
Amount of GST = Rs. x× 18/100
Amount of GST = Rs. 18/100 x
CGST + SGST = Rs. 18/100 x
900 + 900 = 18x/100
Rs. 1800 = 18x/100
(Rs.1800 × 100)/18 = x
Rs. 10,000 = x
x = Rs. 10,000
Hence, the Premium of the Health Insurance Policy is Rs. 10,000.

Question 14. Mr. Malik went on a tour to Goa. He took a room in a hotel for two days at the rate of Rs. 5000 per day. On the same day, his friend John also joined him. Hotel provided an extra bed charging Rs. 1000 per day for the bed. How much GST, at the rate of 28% is charged by the hotel in the bill to Mr. Malik for both the days?
Solution :
It is given that,
Rent of the Room = Rs. 5,000 per day
Extra Charge for the Bed = Rs. 1,000 per day
Total Amount of Bill for 2 days = (Rs. 5,000 × 2) + (Rs. 1,000 × 2)
Total Amount of Bill for 2 days = Rs. 10,000 + Rs. 2,000
Total Amount of Bill for 2 days = Rs. 12,000
Calculation of GST:-
Amount of GST = Rs. 12,000 × 28/100
Amount of GST = Rs. 3,360
Hence, the amount of GST charged by Mr. Malik = Rs. 3,360

Question 15. Asharaf went to see a movie. He wanted to purchase a movie ticket for Rs. 80. As the ticket for Rs. 80 was not available, he purchased a ticket for Rs. 120 of upper class.
How much extra GST did he pay for the ticket? (GST for a ticket below Rs. 100 is 18% and GST for a ticket above Rs. 100 is 28%)
Solution :
It is given that,
Calculation of GST on ticket of Rs. 80
GST Amount = Rs. 80 × 18%
GST Amount = Rs. 80 × 18/100
GST Amount = Rs. 14.40
Calculation of GST on ticket of Rs. 120
GST Amount = Rs. 120 × 28%
GST Amount = Rs. 120 × 28/100
GST Amount = Rs. 33.60
Difference between both GST is = 33.60 – 14.40
Difference between both GST is = Rs. 19.20
Hence, the difference is Rs. 12.

GST Exercise

Question 1. Fill in the blanks:
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. at station A = _
CGST = 6% of 15,000 = _
SGST = 6% of 15,000 = _
C.P. at station B = _
If Profit = Rs. 5000
S.P. at station B =
Now the same goods/services are moved under inter-state transaction from station B to station C and the rate of tax is 12%.
GST =
C.P. at station C = _
Solution :
It is given that,
Selling Price at station A = Rs. 15,000
Amount of CGST = Rs. 15,000 × 6%
Amount of CGST = Rs. 15,000 × 6/100
Amount of CGST = Rs. 900
Amount of SGST = Rs. 15,000 × 6%
Amount of SGST = Rs. 15,000 × 6/100
Amount of SGST = Rs. 900
Cost Price at station B = Rs. 15,000
Profit = Rs. 5000
Selling Price at station B = 15,000 + 5000
Selling Price at station B = Rs. 20,000
Rate of IGST is 12%
Amount of IGST = Rs. 20,000 × 12%
Amount of IGST = Rs. 20,000 × 12/100
Amount of IGST = Rs. 2,400
Cost Price at station C = Rs. 20,000
Hence, the Cost Price at station C is Rs. 20,000.

Question 2. Goods/services are sold from Agra (U.P.) to Kanpur (U.P.) for Rs. 20,000 and then from Kanpur to Jaipur (Rajasthan). If the rate of GST is 18% and the profit made at Kanpur is Rs. 5000, find:
• the net GST payable by the dealer at Kanpur.
• the cost of goods/services at Jaipur.
Solution :
The product is sold from Agra to Kanpur hence it is intra-state transaction,
Rate of CGST = 9%
Rate of SGST = 9%
Selling Price in Agra = Rs. 20,000
Amount of CGST = Rs. 20,000 × 9/100 = Rs. 1800
Amount of SGST = Rs. 20,000 × 9/100 = Rs. 1800
Product sold from Kanpur to Jaipur hence it is inter-state transaction,
Input-tax credit = Rs. 1800 + Rs. 1800 = Rs. 3600
Cost Price = Rs. 20,000
Profit = Rs. 5000
Selling Price of the product= 20,000 + 5000
Selling Price of the product = Rs. 25,000
IGST = Rs. 25,000 × 18/100 = Rs. 4500
Calculation of Net GST Liability of the dealer at Kanpur:-
GST Payable = Output GST – Input GST
GST Payable = 4500 – 3600
GST Payable = Rs. 900
Cost of goods/services at Jaipur:-
Total Price of goods/services with GST = Selling Price in Agra + IGST
Total Price of goods/services with GST = 25,000 + 4500
Total Price of goods/services with GST = Rs. 29,500

Question 3. Goods/services are sold from Kota (Rajasthan) to Mumbai for Rs. 20,000 and then from Mumbai to Pune. If the rate of GST is 12% and the profit made at Mumbai is Rs. 5000; find the net GST paid at Pune, if the dealer at Pune is the end-user.
Solution :
Goods sold from Kota (Rajasthan) to Mumbai hence, it is inter-state transaction,
Cost Price = Rs. 20,000
IGST = 12% of Rs. 20,000
IGST= Rs. 20,000 × 12/100
IGST = Rs. 2400
Profit = Rs. 5000
Selling Price = Rs. 25,000
Pune and Mumbai both cities are in the same state hence, it is intra-state transaction,
Cost Price = Rs. 25,000
CGST = 6% of 25,000 = Rs. 1500
SGST = 6% of 25,000 = Rs. 1500
Total amount of GST = 1500 + 1500= Rs. 3000
Hence, the GST amount paid at Pune Rs. 3,000.

Question 4. 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.
Solution :
It is given that,
A is a supplier of UP and supplies goods to UP, hence it is intra-state transaction.
Selling Price = Rs. 8,000
Rate of CGST = 9%
Rate of SGST = 9%
Amount of CGST = Rs. 8,000 × 9%
Amount of CGST = Rs. 8,000 × 9/100
Amount of CGST = Rs. 720
Amount of SGST = Rs. 8,000 × 9%
Amount of SGST = Rs. 8,000 × 9/100
Amount of SGST = Rs. 720
Now, B is a supplier of UP and he supplies goods to C in Bihar, hence it is inter-state transaction:-
Cost for B = Rs. 8,000
Selling Price = Cost Price + Profit
Selling Price = Rs. 8,000 + Rs. 1200
Selling Price = Rs. 9,200
Amount of IGST = 18% of Rs. 9,200
Amount of IGST= Rs. 9,200 × 18/100
Amount of IGST = Rs. 1656
The C dealer in Patna does not sell the product Output GST is Rs. 0

Question 5. A is a dealer in Meerut (U.P.). He supplies goods/services, worth Rs. 15,000 to a dealer B in Ratlam (M.P.). Dealer B, in turn, supplies the same goods/services to dealer C in Jabalpur (M.P.) at a profit of Rs. 3000. If rate of tax (under GST system) is 18%, find
• The cost of goods/services to the dealer C in Jabalpur.
• Net tax payable by dealer B.
Solution :
It is given that,
A is the dealer of UP and supplies his goods in MP, hence it is inter-state transaction.
Cost Price = Rs. 15,000
Amount of IGST = 18% of 15,000
Amount of IGST = Rs. 15,000 × 18/100
Amount of IGST = Rs. 2,700
Output tax for B = Rs. 2,700
Selling Price = 15,000 + 3000
Selling Price = Rs. 18,000
B is the seller of MP selling his product to C from MP, hence it is intra-state transaction
Cost Price = Rs. 18,000
Amount of CGST = 9% of 18,000
Amount of CGST = Rs. 18,000 × 9/100
Amount of CGST = Rs. 1620
Amount of SGST = 9% of 18,000
Amount of SGST = Rs. 18,000 × 9/100
Amount of SGST = Rs. 1620
Net GST payable by the dealer B
Net GST payable = Output tax – Input tax
Net GST payable = (1620 + 1620) – 2700
Net GST payable = Rs. 540

Question 6. A dealer X in Hapur (U.P.) supplies goods/services, worth Rs. 50,000 to some other dealer Y in the same city. Now the dealer Y supplies the same goods/services to dealer Z in Calcutta at a profit of Rs. 20,000. Find
• Output and input taxes for the dealer Y
• Net GST payable by dealer Y. The rate of GST at each stage is 28%
Solution :
It is given that,
X is the dealer from Hapur (U.P.) sold goods to Y in the same city hence it is intra-state transaction.
Selling Price = Rs. 50,000
Selling Price of X is Cost Price for Y
Cost Price = Rs. 50,000
Amount of CGST = 14% of Rs. 50,000
Amount of CGST = Rs. 50,000 × 14/100
Amount of CGST = Rs. 7,000
Amount of SGST = 14% of Rs. 50,000
Amount of SGST = Rs. 50,000 × 14/100
Amount of SGST = Rs. 7,000
Tax Input for Y = Rs. 14,000
Profit = Rs. 20,000
Selling Price = Cost Price + Profit
Selling Price = Rs. 50,000 + Rs. 20,000
Selling Price = Rs. 70,000
Cost Price for the dealer Z = Rs. 70,000
Amount of IGST = 28% of Rs. 70,000
Amount of IGST = Rs. 70,000 × 28/100
Amount of IGST = Rs. 19,600
Input Tax = Rs. 19,600 which is the output tax for dealer Y.
GST Payable for Y = Output tax for Y – Input tax for Y
GST Payable for Y = Rs. 19,600 – Rs. 14,000
GST Payable for Y = Rs. 5600
Hence, the GST payable for Y is Rs. 5,600.

Question 7. Consultancy services, worth Rs. 50,000, are transferred from Delhi to Calcutta at the rate of GST 18% and then from Calcutta to Nainital (with profit = Rs. 20,000) at the same rate of GST. Find the output tax at
• Delhi
• Calcutta
• Nainital
Solution :
1. Calculation of output tax in Delhi:- (Interstate)
Amount of IGST = 18% of Rs. 50,000
Amount of IGST = Rs. 50,000 × 18/100
Amount of IGST = Rs. 9000
Hence, the output tax in Delhi is Rs. 9000
2. Calculation of output tax in Calcutta:
Cost Price = Rs. 50,000
Profit = Rs. 20,000
Selling Price = Rs. 50,000 + Rs. 20,000
Selling Price = Rs. 70,000
Amount of IGST = 18% of Rs. 70,000
Amount of IGST = Rs. 70,000 × 18/100
Amount of IGST = Rs. 12,600
3. The dealer in Nainital does not sell the services. So, there is no Output GST.

Question 8. For a dealer A, the list price of an article is Rs. 9000, which he sells to dealer B at some lower price. Further, dealer B sells the same article to a customer at its list price. If the rate of GST is 18% and dealer B paid a tax, under GST, equal to Rs. 324 to the government, find the amount (inclusive of GST) paid by dealer B.
Solution :
It is given that
A sold goods to B at Rs. x.
Net Tax payable by dealer B is Rs. 324
We know that,
Tax Payable = Output tax – Input Tax
Rs. 324 = Output tax – Input Tax
324 = 18% of 9000 – 18% of (9000 – x)
324 = 1620 – 1620 + 18% × x
324 = 18% × x
324 = 18/100 × x
x = 1800
Calculation of selling price for B:-
Selling price = 9000 – 1800
Selling price = Rs. 7200
Amount inclusive of GST paid by dealer B is
Amount inclusive of GST = Rs. 7200 + 18% of Rs. 7200
Amount inclusive of GST = Rs. 7200 + Rs. 1296
Amount inclusive of GST = Rs. 8496
Hence, the Amount inclusive of GST paid by dealer B is Rs. 8496.

Question 9. The marked price of an article is Rs. 6000. A wholesaler sells it to a dealer at 20% discount. The dealer further sells the article to a customer at a discount of 10% on the marked price. If the rate of GST at each stage is 18%, find the amount of tax (under GST) paid by the dealer to the government.
Solution :
It is given that,
The Market price of the article is Rs. 6,000
Rate of discount is 20%.
Cost price of B = 80% of 6000
Cost price of B = Rs. 4800 __________ (i)
Input GST paid by B for purchase = 18% of 4800
Input GST paid by B for purchase = Rs. 864 __________ (ii)
B sells article at discount of 10% of market Price
Selling price for B = 6000 – 10% of 6000
Selling price for B = Rs. 5400 __________(iii)
Output GST charged by B on sale = 18% of 5400
Output GST charged by B on sale = Rs. 972 __________(iv)
Amount of GST paid by B = GST charged on sale – GST paid against purchase
Amount of GST paid by B = 972 – 864
Amount of GST paid by B = Rs. 108

Question 10. A is a manufacturer of T.V. sets in Delhi. He manufacturers a particular brand of T.V. set and marks it at Rs. 75,000. He then sells this T.V. set to a wholesaler B in Punjab at a discount of 30%. The wholesaler B raises the marked price of the T.V. set bought by 30% and then sells it to dealer C in Delhi. If the rate of GST = 5% find tax (under GST) paid by wholesaler B to the government.
Solution :
It is given that,
The Market price of TV by manufacturer A is Rs. 75,000
Rate of discount is 30%.
Cost price of TV for B = 70% of 75,000
Cost price of TV for B = Rs. 75,000 × 70/100
Cost price of TV for B = Rs. 52,500 ________(i)
GST paid by B for purchase = 5% of 52,500
GST paid by B for purchase = Rs. 2625 ________(ii)
B sold TV by increasing market price by 30%
Selling price for B = 75,000 + 30% of 75,000
Selling price for B = 75,000 + 22,500
Selling price for B = Rs. 97,500 __________(iii)
GST charged by B on Sale = 5% of 97,500
GST charged by B on Sale = Rs. 4875__________(iv)
GST paid by B to the government = GST charged on Sale – GST paid against purchase
GST paid by B = 4875 – 2625
GST paid by B = Rs. 2250
Hence, GST amount paid by B is Rs. 2250.

Question 11. For a trader, marked price of a refrigerator = Rs. 15,680 inclusive of GST at the rate of 12% on the marked price. Gagan, a customer for this refrigerator, asks the trader to reduce the marked price of the refrigerator to such extend that its reduced price plus GST on it is equal to marked price of the refrigerator. Find the required reduction.
Solution :
It is given that,
The marked price of a refrigerator with GST is Rs. 15,680
Let the marked price of a refrigerator without GST is be Rs. x
x + 12% of x = 15,680
1.12x = 15,680
x = Rs. 14,000
Marked price = Rs. 14,000
Let he reduced price will be Rs. y
New price of the refrigerator = 14,000 – y
Calculation of GST on new price
GST on new price = 12% of (14,000 – y)
GST on new price = 0.12(14,000 – y)
According to the question,
Calculation of amount of reduction:-
14,000 – y + 0.12(14,000 – y) = 14,000
-1.12y + 1680 = 0
y = 1500
Hence, the required reduction in price is Rs. 1500.