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GST (Goods and Services Tax)

Click here to open MCQs of GST

Solutions for the above MCQs are given below

Some terms related to GST

1.   Intra-state sales: Sales of goods and services within the same state.

2.   Inter-state sales: Sales of goods and services outside the state.

3.  Input GST and Output GST: GST paid by a dealer is called Input GST and GST collected from a customer is called Output GST.

4.   Types of taxes under GST :

(i) Central Goods and Services Tax  (CGST)

(ii) State Goods and Services Tax (SGST)

(iii) Integrated Goods and Services Tax (IGST)

One nation, one tax was the aim of the government in implementing GST.

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MCQs Class X ICSE Model Questions for Semester 1

Solutions of the above MCQs  are given below 

MCQ               Class 10            Mathematics Banking (Set 1) Banking (Set 2) GST Linear Inequations (Set 1) Linear Inequations (Set 2) Quadratic Equations Ratio and Proportion Matrices Arithmetic Progression (A.P.) Similarity (Set 1) Similarity (Set 2)  Reflection Section Formula  Straight Lines  Probability Circle (Set 1) Circle (Set 2) Mock Question Paper for Semester 1 (2021) ICSE Class X Mathematics ICSE Class X – Specimen Question Paper released by CISCE for Semester 1 (2021) – Mathematics

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              Solutions

Choose the correct option from the following questions:

Question 1: What are the taxes levied on the intra-state supply?

• CGST
• SGST
• CGST and SGST
• IGST 

Solution:       CGST and SGST

Question 2. Inter-state means as per Indian GST:

• between two countries
• between two or more states
• between the same state
• between shopkeeper and consumer

Solution:    between two or more states

Question 3:  Input GST paid by the shopkeeper to the dealer is ₹ 5000 and

output GST collected by the shopkeeper from a consumer is ₹5,500.

GST paid by the shopkeeper to the government is

• ₹ 5,000
• ₹ 5,500
• ₹ 500
• ₹ 1,000

Solution: GST paid by the shopkeeper = Output GST – Input GST

= ₹ 5,500 – ₹ 5,000 = ₹ 500

Question 4: Goods are sold from Kolkata to Delhi for ₹ 10,000.

If the rate of GST is 18%, then CGST paid

• ₹ 900
• ₹ 1800
• ₹ 0
• ₹ 90

Solution :  ₹ 0   (as inter-state transactions)

Question 5: For an intra-state transaction, a shopkeeper paid ₹ 1800

in the form of SGST. If the same transaction is held interstate,

then the amount of IGST 

• ₹ 900
• ₹ 1800
• ₹ 2700
• ₹ 3600

Solution :  IGST = 2 × ₹ 1800 = ₹ 3600

Question 6: The marked price of a micro oven is ₹ 10,000. Dealer offers

20% discount on the marked price. The selling price of micro oven:

• ₹ 2000
• ₹ 6000
• ₹ 8000
• ₹ 10,000

Solution: Discount = 20% of ₹ 10,000 = (20 ÷100) × ₹ 10,000= ₹ 2000

Selling price = ₹(10,000 – 2000) = ₹ 8,000

Question 7: If the cost of an article is ₹25,000and CGST paid by the owner

is ₹2250, the rate of GST is

• 9%
• 10%
• 15%
• 18%

Solution :     C.P. = ₹25,000,  CGST = ₹2250

∴ GST = 2 × ₹2250= ₹4500

let rate of GST = r%

∴ r% of ₹25,000=₹4500

⇒ r= (4500 × 100 ) ÷ 25000= 18%

Question 8:  The cost of some financial services is given below in the

same city. Cost of services: ₹500, ₹700,₹1200, ₹600. If the rate of

GST is 12%, then the amount of GST on the above services

• ₹180
• ₹360
• ₹3360
• ₹540

Solution:  Total cost of services = ₹(500+700+1200+600) = ₹3000

Amount of GST = 12% of ₹3000 = ₹360 

Question 9:   A dealer purchased a washing machine from a manufacturer

for ₹10,000 and sold it to a retailer at a profit of 10%. The rate of GST is 18%.

      (i) The amount of input CGST for the dealer.

• ₹1800
• ₹900
• ₹0
• ₹10,900

Solution:   Manufacturer → dealer → retailer

Input CGST of the dealer = 9% of ₹10,000 = ₹900

(ii) The amount of input SGST for the dealer.

• ₹1800
• ₹900
• ₹0
• ₹10,900

Solution:  The amount of input SGST = the amount of input CGST

= ₹900

(iii) The amount of GST that the dealer has to deposit to the government

• ₹1800
• ₹90
• ₹180
• ₹360

Solution: Profit of dealer = 10% of 10,000= ₹1000

GST paid by the dealer to the government = 18% of the profit

= 18% of ₹1000 = ₹180

(iv) The amount that the retailer has to pay for the washing machine

• ₹1980
• ₹11,000
• ₹12,980
• ₹13,570

Solution:   C.P. of washing machine to the retailer = ₹(10,000+1,000)

= ₹11,000

GST = 18% 0f ₹11,000 = ₹1980

Amount paid by retailer= ₹(11,000+1980) = ₹12980

Question 10:   A dealer in Delhi sold a laptop to a consumer in Delhi

for ₹ 30,000. The rate of GST is 18%.

(i) IGST paid 

• Rs. 2700
• Rs. 5400
• Rs. 0
• Rs. 32,700

Solution:    Rs. 0

(ii) SGST paid 

• Rs. 2700
• Rs. 5400
• Rs. 0
• Rs. 32,700

Solution: SGST = 9% of Rs. 30,000 = Rs. 2700

(iii) CGST paid

• Rs. 2700
• Rs. 5400
• Rs. 0
• Rs. 32,700

Solution:  CGST = SGST = Rs. 2700

(iv) Amount paid by consumer (inclusive of GST)

• Rs. 2700
• Rs. 5400
• Rs. 32,700
• Rs. 35,400

Solution:  Amount paid by consumer = Rs. (30,000 + 2 × 2700) 

= Rs. 35,400

Question 11:  The marked price of an article is Rs. 10,000 and the rate of

GST is 12%. A shopkeeper buys this article at a reduced price from a

dealer and sells it at its marked price to a consumer. The shopkeeper

paid Rs. 120 as SGST to the government.

(i) GST paid by the shopkeeper to the government

• Rs. 120
• Rs. 240
• Rs. 360
• Rs. 480

Solution: Dealer → Shopkeeper → Consumer

SGST paid by the shopkeeper to the government = Rs. 12o

∴ GST paid by the shopkeeper to the government  = 2 × Rs.120 = Rs. 240

(ii) Profit of the shopkeeper

• Rs. 1000
• Rs. 2000
• Rs. 3000
• Rs. 4000

Solution: GST paid by the shopkeeper on profit.

Let profit of shopkeeper be x.

∴ 12% of x = Rs. 240

⇒ (12 ⁄100) × x = 240

⇒ x = Rs. 2000

(iii)  price at which shopkeeper bought the article

• Rs. 6000
• Rs. 7000
• Rs. 8000
• Rs. 9000

Solution:  Discount = profit of shopkeeper = Rs. 2000

∴ the price at which shopkeeper bought the article

= Rs. (10,000- 2,000)= Rs. 8,000

(iv) Amount paid by the shopkeeper (inclusive of tax) to the dealer

• Rs. 8,690
• Rs. 8,000
• Rs. 8,960
• Rs. 10,000

Solution: Amount paid by the shopkeeper (inclusive of tax) 

=   Rs. 8,000 + 12% of Rs. 8,000 = Rs.(8000+960) = Rs. 8960

Question 12: A dealer in Patna (Bihar) sold a TV to a consumer in

Gaya (Bihar). The marked price of the TV was ₹ 25,000 and the

dealer offered a discount of 20%. The rate of GST is 28%.

(i) Discount received by the consumer

• ₹ 2000
• ₹ 5000
• ₹ 7000
• ₹3500

Solution: Discount received by consumer = 20% of ₹ 25,000

= ₹ 5,000

(ii) Selling price of the TV

• ₹ 18,000
• ₹ 20,000
• ₹ 21,500
• ₹ 30,000

Solution: Selling price of the TV = ₹ 25,000 – ₹ 5,000

= ₹ 20,000

(iii) IGST is 

• ₹ 2,800
• ₹ 5,600
• ₹ 0
• ₹ 2,560

Solution:     ₹ 0

(iv)  Amount paid by the consumer

• ₹ 20,000
• ₹ 22,800
• ₹25,600
• ₹ 30,000

Solution: Amount paid by the consumer 

= ₹ 20,000+ 28% of ₹20,000  = ₹ 25,600

Question 13: Ariyan, Hitambar, and Anuja live in the same city.

Ariyan sells an article to Hitambar for ₹ 50,000 and Hitambar sells

the same article to Anuja at a profit of ₹ 5000. All the transactions

are under the GST system at the rate of 12%.

(i) The state-government tax (SGST) paid by Hitambar.

• ₹ 300
• ₹ 600
• ₹ 450
• ₹ 900

Solution : Profit of Hitambar = ₹ 5000

SGST paid by Hitambar = 6% of profit = 6% of ₹ 5000=₹ 300

(ii)  GST paid by Ariyan

• ₹ 300
• ₹ 600
• ₹ 3000
• ₹ 6000

Solution:   GST paid by Ariyan = 12% of ₹ 50,000= ₹ 6000

(iii)  Total tax received by the central government.

• ₹ 3000
• ₹ 3300
• ₹ 6000
• ₹ 6600

Solution:   CGST paid by Ariyan = ₹ 3000

CGST paid by Hitambar= ₹ 300

So total tax received by the central government

= ₹ 3000 + ₹ 300= ₹ 3300

(iv) Anuja paid for the article 

• ₹ 58,000
• ₹ 58,300
• ₹ 61,300
• ₹ 61,600

Solution:  For Anuja:   C.P. = ₹ 50,000 + ₹ 5000 = ₹ 55000

GST =  12% of ₹ 55,000 = ₹ 6,600

Amount paid by Anuja for the article = ₹ 55,000 + ₹ 6,600

= ₹ 61,600

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ICSE – Class 10 – Mathematics – Sem 1 – 2021 – Sample Paper Mock Question Paper

ICSE – Class 10  -Mathematics   –     Sem 2  –    2022 – Sample Paper                               Sample Paper 1                Solutions of Sample Paper 1

 

MCQ               Class 10            Mathematics Banking (Set 1) Banking (Set 2) GST Linear Inequations (Set 1) Linear Inequations (Set 2) Quadratic Equations Ratio and Proportion Matrices Arithmetic Progression (A.P.) Similarity (Set 1) Similarity (Set 2)  Reflection Section Formula  Straight Lines  Probability Circle (Set 1) Circle (Set 2) Mock Question Paper for Semester 1 (2021) ICSE Class X Mathematics ICSE Class X – Specimen Question Paper released by CISCE for Semester 1 (2021) – Mathematics

          Formula             Mathematics

Formula and Theorems for Class X

        MCQ         Class 10      Physics

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