Mathematics
A dealer purchased a music system from the manufacturing company for ₹ 25,000 and sold it to a consumer in the same city at a profit of 20%. If the rate of GST is 18%, then :
(i) The amount of input CGST for the dealer is :
₹ 2,250
₹ 4,500
₹ 5,000
₹ nil
(ii) The amount of GST payable by the dealer to the goverment is :
₹ 2,250
₹ 900
₹ 450
nil
(iii) The amount the consumer has to pay for the music system is :
₹ 30,000
₹ 32,700
₹ 35,400
₹ 36,000
Related Questions
Three friends A, B and C live in Delhi. A sells medicine worth ₹ 50,000 to B, B sells the same medicine to C at profit of ₹ 6,000. If rate of GST is 12%, then :
(i) SGST paid by B is :
₹ 300
₹ 360
₹ 400
₹ 425
(ii) Total CGST is :
₹ 2,600
₹ 2,700
₹ 3,360
₹ 3,500
Mr. Gupta wanted to book a semidelux room in a hotel for ₹ 750. Since semidelux room was not available, he booked a delux room for ₹ 1,400. If GST for a room below ₹ 1,000 is 18% and GST for a room above ₹ 1,000 is 28%, then :
(i) The amount paid by the Mr. Gupta for the delux room is :
₹ 1,700
₹ 1,792
₹ 1,800
₹ 1,850
(ii) The extra GST Mr. Gupta paid for the delux room is :
₹ 257
₹ 280
₹ 300
₹ 425
Assertion (A): The entire tax collected under IGST is paid to the account of central government.
Reason (R): The GST collected on the supply of goods or services in case of interstate trade within India or in case of imports/exports is called IGST.
A is true, R is false
A is false, R is true
Both A and R are true
Both A and R are false
Assertion (A): GST payable = Output GST + ITC
Reason (R): Input Tax Credit (ITC) is a provision of reducing the GST already paid on inputs in order to avoid the cascading of taxes.
A is true, R is false
A is false, R is true
Both A and R are true
Both A and R are false