# GST ML Aggarwal 2021 Solutions ICSE APC Understanding Class-10

GST ML Aggarwal 2021 Solutions ICSE APC Understanding Maths Chapter-1 Goods and service Tax . We Provide Step by Step Answer of Chapter-1 GST of 2020-21 with MCQs and Chapter-Test Questions / Problems related Exercise-1 GST for ICSE Class-10 APC Understanding Mathematics . Visit official Website CISCE for detail information about ICSE Board Class-10.

**GST ML Aggarwal 2021 Solutions ICSE APC Maths Understanding Chapter-1 ( Latest Edition )**

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**Exercise 1** ,GST ML Aggarwal Solutions ICSE Class-10th Maths 2021

1. An article is marked at * 15000. A dealer sells it to a consumer at 10% profit. If the rate of GST is 12%, find:

(i) the selling price (excluding tax) of the article.

(ii) the amount of tax (under GST) paid by the consumer.

(Iii) the total amount paid by the consumer

Answer

(i) the selling price (excluding tax) of the article.

15000+(15000×10)/100

150000+1500

16500

(ii) the amount of tax (under GST) paid by the consumer.

(16500×12) / 100

1980

(Iii) the total amount paid by the consumer

16500+1980

18480

2 A shopkeeper buy goods worth 4000 and sells these at a profit of 20% to a consumer in the same state. If GST is charged at 5%, find:

(i) the selling price (excluding tax) of the goods.

(ii) CGST paid by the consumer.

(IiI) SGST paid by the consumer.

(iv) the total amount paid by the consumer.

Answer

(i) the selling price (excluding tax) of the goods.

4000+4000×20/100

4000+800

4800

(ii) CGST paid by the consumer.

4800 x 2.5/100

120

(IiI) SGST paid by the consumer.

4800 x 2.5/100

120

(iv) the total amount paid by the consumer.

Amount = Selling price + CGST + SGST

4800 + 120 + 120

5040

3. The marked price of an article is 12500. A dealer in Kolkata sells the article to consumer in the same city at a profit of 8%. If the rate of GST is 18%, find

(i) the selling price (excluding tax) of the article

(ii) IGST, CGST and SGST paid by the dealer to the Central and State Government

(iii) the amount which the consumer pays for the article.

Answer

(i) the selling price (excluding tax) of the article

12500 + 12500 x 8/100

12500 + 1000

13500

(ii) IGST, CGST and SGST paid by the dealer to the Central and State Government

IGST, is nil due to intra state

CGST paid by the dealer to the Central Government

13500 x 9/100

1215

SGST paid by the dealer to the State Government

13500 x 9/100

1215

(iii) the amount which the consumer pays for the article.

Amount = Selling price + CGST + SGST

13500 + 1215 +1215

15930

4. A shopkeeper buys an article from a wholesaler for 20000 and sells it to a consumer at 10% profit. If the rate of GST is 12%, find the tax liability of the shopkeeper.

CP of article = 20000

Profit = 10% profit

rate of GST is 12%

to find the tax liability first find Selling Price

SP= CP+ Profit

SP = 20000 + 20000 x 10/100

=20000 + 2000

= 22000

now the tax liability= output CGST + SGST- input CGST + SGST

22000 x5/100 + 22000 x5/100

1100 + 1100

2200

5. A dealer buys an article for 6000 from a wholesaler. The dealer sells the article consumer at 15% profit. If the sales are intra-state and the rate of GST is 18%, find

(i) input CGST and input SGST paid by the dealer.

(ii) output CGST and output SGST collected by the dealer.

(iii) the net CGST and SGST paid by the dealer.

(iv) the total amount paid by the consumer.

(i) input CGST and input SGST paid by the dealer.

input CGST 6000 x 9/100 and input SGST 6000 x 9/100

540 and 540

(ii) first find SP

CP + Profit

6000 + 6000 x15/100

6000 +900

6900

output CGST 6900 x 9/100 and output SGST 6900 x 9/100

621 +621

1242

(iii) the net CGST paid by the dealer.

net CGST paid by the dealer. = output CGST – input CGST

= 621-540

= 81

net SGST paid by the dealer.

net SGST paid by the dealer. = output SGST – input SGST

= 621-540

= 81

(iv) the total amount paid by the consumer.

SP + SGST + CGST

6900 +81+81

7062

6. A manufacturer buys raw material worth 7500 paying GST at the rate of 5%. He sell the finished product to a dealer at 40% profit. If the purchase and the sale both are intra-state and the rate of GST for the finished product is 12%, find:

(i) the input tax (under GST) paid by the manufacturer

(ii) the output tax (under GST) collected by the manufacturer

(iii) the tax (under CST) paid by the manufacturer to the Central and State Governments.

(iv) the amount paid by the dealer for the finished product.

Answer

(i)

SP = 7500+7500 x40/100

SP = 7500+3000

SP=10500

the input tax (under GST) paid by the manufacturer

CGST= 7500 x2.5/100

=187.5

SGST=7500 x 2.5/100

=187.5

(ii) the output tax (under GST) collected by the manufacturer

CGST = 10500 x 6 /100

=630

SGST = 10500 x 6 /100

=630

(iii) the tax (under CST) paid by the manufacturer to the Central Governments.

CGST = output tax – input tax

CGST = 10500 x6 /100 – 7500 x 2.5/100

= 630-187.5

=442.50

SGST = output tax – input tax

SGST = 10500 x6 /100 – 7500 x 2.5/100

= 630-187.5

=442.50

(iv) the amount paid by the dealer for the finished product.

= SP+ Tax

=10500 + 10500 x12/100

=10500 + 1260

=11760

7. A manufacturer sells a TV. to a dealer for 18000 and the dealer sell it to a consumer at a profit of R1500. If the sales are intra-state and the rate of GST is 12%, find:

(i) the amount of GST paid by the dealer to the State Government

(ii) the amount of GST received by the Central Government

(iii) the amount of GST received by the State Government

T.V.

(iv) the amount that the consumer pays for the TV

#### Answer 1

8. A shopkeeper buys a camera at a discount of 20% from a wholesaler, the printed price of the camera being RS 1600. The shopkeeper sells it to a consumer at the printed price

If the sales are intra-state and the rate of GST is 12%, find:

(i) GST paid by the shopkeeper to the Central Government.

(ii) GST received by the Central Government.

(iii) GST received by the State Government

(iv) the amount at which the consumer bought the camera

#### Answer 2

9 A dealer buys an article at a discount of 30% from the wholesaler, the marked price being 6000. The dealer sells it to a consumer at a discount of 10% on the marked price.

If the sales are intra-state and the rate of GST is 5%, find

(i) the amount paid by the consumer for the article.

(ii) the tax (under GST) paid by the dealer to the State Government.

(iii) the amount of tax (under GST) received by the Central Government

Answer

Since , it is a case of intra – state transaction of good and service.

SGST=CGST=1/2 GST; Rate of GST=5%

10. The printed price of an article is 50000. The wholesaler allows a discount of 10% to a shopkeeper. The shopkeeper sells the article to a consumer at 4% above the marked price. If the sales are intra-state and the rate of GST is 18%, find:

(i) the amount inclusive of tax (under GST) which the shopkeeper pays for the article

(ii) the amount paid by the consumer for the article.

(iii) the amount of tax (under GST) paid by the shopkeeper to the Central Government

(iv) the amount of tax (under GST) received by the State Government.

#### Answer

11. A retailer buys a T.V. from a wholesaler for 40000. He marks the price of the TV 15% above his cost price and sells it to a consumer at 5% discount on the marked price. If the sales are intra-state and the rate of GST is 12%, find:

(i) the marked price of the TV.

(ii) the amount which the consumer pays for the TV,

(iii) the amount of tax (under GST) paid by the retailer to the Central Government.

(iv) the amount of tax (under GST) received by the State Government.

#### Answer

12. A shopkeeper buys an article from a manufacturer for 12000 and marks up it price by 25%. The shopkeeper gives a discount of 10% on the marked up price and he gives further off-season discount of 5% on the balance to a customer of T.V. If the sales are

intra-state and the rate of GST is 12%, find:

(i) the price inclusive of tax (under GST) which the consumer pays for the T.V.

(ii) the amount of tax (under GST) paid by the shopkeeper to the State Government.

(iii) the amount of tax (under GST) received by the Central Government,

#### Answer

13 The printed price of an article is 40000. A wholesaler in Uttar Pradesh buys the article from manufacturer in Gujarat at a discount of 10% on the printed price. The wholesaler … the article to a retailer in Himachal at 5% above the printed price. If the rate of

GST on the article to 18%, find:

(i)the amount inclusive of tax (under GST) paid by the wholesaler for the article.

(ii) the amount inclusive of tax (under GST) paid by the retailer for the article.

(iii) the amount of tax (under GST) paid by the wholesaler to the Central Government.

(iv) the amount of tax (under GST) received by the Central Government.

#### Answer

14. A dealer in Delhi buys an article for 16000 from a wholesaler in Delhi. He sells the Article to a consumer in Rajasthan at a profit of 25%. If the rate of GST is 5%, find.

(i)in the tax (under GST) paid by the wholesaler to Governments.

(ii) the tax (under GST) paid by the dealer to the Government

(iii) the amount which the consumer pay for the article.

Answer

SP of dealer =16000 + 16000 x 25/100

=16000 + 4000

= 20000

(i) CGST paid by the wholesaler to Governments.

= Output tax – Input Tax

= 20000 x 2.5 /100 -1600 x 2.5/100

=400

SGST paid by the wholesaler to Governments.

= Output tax – Input Tax

= 20000 x 2.5 /100 -16000 x 2.5/100

=400

(ii)

CGST paid by the wholesaler to Governments.

= Output tax – Input Tax

= 20000 x 2.5 /100 -16000 x 2.5/100

=200 IGST to central government

(iii) the amount which the consumer pay for the article.

= SP + Tax

= 20000 + 20000 x5/100

=21000

15. A shopkeeper in Delhi buys an article at the printed price of 24000 from a wholesaler in Mumbai. The shopkeeper sells the article to a consumer in Delhi at a profit of 15% on the basic cost price. If the rate of GST is 12%, find:

(i) the price inclusive of tax (under G5T) at which the shopkeeper bought the article.

(ii) the amount which the consumer pays for the article.

(iii) the amount of tax (under GST) received by the State Government of Delhi

(iv) the amount of tax (under GST) received by the Central Government.

#### Answer

16. A dealer in Maharashtra buys an article from a wholesaler in Maharashtra at a discount of 25%, the printed price of the article being * 20000. He sells the article to a consumer in Telengana at a discount of 10%, on the printed price. If the rate of GST is 12%,, find:

(i) the tax (under GST) paid by the wholesaler to Governments.

(ii) the tax (under GST) paid by the dealer to the Government

(iii) the amount which the consumer pays for the article.

Answer

(i) the tax (under GST) paid by the wholesaler to Governments.

SGST paid by the wholesaler to Governments.

= 15000 x 6/100

=900 to Maharastra Govt

CGST paid by the wholesaler to Governments.

= 15000 x 6/100

=900 to Maharastra Govt

(ii) the tax (under GST) paid by the dealer to the Government

Now sells are inter state hence all tax to central govt

CGST = Output – Input

= 18000 x 12/100 – 15000 x 12/100

= 360 IGST to central Govt

(iii) the amount which the consumer pays for the article.

= SP of dealer + Tax

=18000 + 18000 x 12/100

=18000+ 2160

= 20160

17. Kiran purchases an article for * 5310 which includes 10% rebate on the marked price and 18% tax (under GST) on the remaining price. Find the marked price of the article.

Answer

= 5000

18. A shopkeeper buys an article whose list price is 8000 at some rate of discount from a wholesaler. He sells the article to a consumer at the list price. The sales are intra-state and the rate of GST is 18%. If the shopkeeper pay a tax (under GST) of 72 to the State Government, find the rate of discount at which he bought the article from the wholesaler.

#### Answer

### Multiple Choice Questions MCQ GST ML Aggarwal 2020-21

A retailer purchases a fan for Rs 1500 from a wholesaler and sells t to a consumer at 10%profit if the sales are intra-state and the rate of GST is 12%, then choose the correct answer from the given four options for questions 1 to 6:

#### Question 1

The selling price of the fan by the retailer (excluding tax) is?

(a) Rs.1500

(b) Rs.1650

(c) Rs. 1848

(d) Rs. 1800

#### Answer 1

#### Question 2

(2.) The selling price of the fan including tax (under GST) by retailer is?

(a) Rs.1650

(b) Rs.1800

(c) Rs.1848

(d) Rs.1830

#### Answer 2

#### Question 3

The tax (under GST) paid by the wholesaler to the Central Government is ?

(a)Rs 90

(b)Rs 9

(c)Rs 99

(d) Rs 180

#### Answer 3

#### Question 4

The tax (under GST) paid by the retailer to the State Government ?

(a) Rs 99

(b) Rs 9

(c)Rs 18

(d)Rs 198

#### Answer 4

#### Question 5

The tax (under GST) received by the Central Government is ?

(a)Rs 18

(b) Rs 198

(c) Rs 90

(d)Rs 99

#### Answer 5

#### Question 6

The cost of the fan to the consumer inclusive of tax is ?

(a)Rs 1650

(b) Rs 1800

(c)Rs 1830

(4) Rs 1848

#### Answer 6

A shopkeeper bought a TV front a distributor at a discount of % of the listed price of Rs 32000. The shopkeeper sells the TV to a consumer at the listed price. if the sales are intra-state and the rate of GST la 18%, then choose the correct er from the given four options for questions 7 to 11:

#### Question 7

The selling price of the TV including tax (under GST?) by the distributor is?

(a) Rs 32000

(b) Rs 24000

(c) Rs 28320

(4) Rs 26160

#### Answer 7

#### Question 8

The tax (under GST) paid by the distributor to the State Government is

(a) Rs 4320

(b) Rs 2160

(c) Rs 2880

(d) Rs 720

#### Answer 8

#### Question 9

The tax (under GST) paid by the shopkeeper to the Central Government is?

(a)Rs 720

(b)Rs 1440

(c) Rs 2880

(4)Rs 2160

#### Answer 9

#### Question 10

The tax (under GST) received by the State Government is?

(a)Rs 5760

(b) Rs 4320

(c) Rs 1440

(d) Rs 2880

#### Answer 10

#### Question 11

The price including tax (under GST) of the TV paid by the consumer is

(a)Rs 28320

(b) Rs 37760

(c) Rs 34880

(4) Rs 32000

#### Answer 11

### ML Aggarwal GST Chapter Test for 2020-2021

1. A shopkeeper bought a washing machine at a discount of 20% from a wholesaler the printed price the washing machine being *15000. The shopkeeper sells it to a consumer at a discount of 10% on the printed price. If the sales are intra-state and the

rate of GST is 12%, find:

(i) the price inclusive of tax (under GST) at which the shopkeeper bought the machine

(ii) the price which 1 the consumer pays for the machine.

(iii) the tax (under GST) paid by the wholesaler to the State Government

(iv) the tax (under GST) paid by the shopkeeper to the State Government

(v) the tax (under GST) received by the Central Government.

#### Answer 1

2 A manufacturer listed the price of his good at Rs 1600 per article He allowed a discount of 25% to a wholesaler who in turn allowed a discount of 20% on the listed price to a retailer The retailer sells one article to a at a discount of 5% on the listed Price. if all the sales are intra-state and the rate of GST is 5%, find;

(i) the price per article inclusive of tax (under GST) which the Wholesaler pays.

(ii) the price per article inclusive of tax (under GST) which the retailer pay

(iii) the amount which the consumer pays for the article.

(iv) the tax (under GST) paid by the whole to the State Government for the article

(v) the tax (under GST) paid by the retailer to the Central Government for the article,

(v) the tax (under GST) received by the State Government

#### Answer 2

3.Mukerjee purchased a movie camera for Rs 25488 which includes 10%rebate on the list price and 18% tax (under GST) on the remaining Price. Find the marked price of the camera.

#### Answer 3

4.The Marked Price of an article is Rs 7500 A shopkeeper buys the article from a wholesaler at some discount and sells t to a consumer at the marked price. The sales are intra-state and the rate of GST is 12%. lf the shopkeeper pays Rs 90 as tax (under GST)to the State Government find;

(i) the amount of discount

(ii) the price inclusive of tax (under GST) of the article which the shopkeeper paid

to the wholesaler.

#### Answer 4

5. A retailer buys an article at a discount of 15% on the printed price front a wholesaler.He marks up the price by 10% on the printed price but due to competition in the mark. he allows a discount of 5% on the marked price to a buyer If the rate of GST is 12% and the buyer pays Rs. 468.16 for the article inclusive of tax (under GST). find

(i) the printed price of the article,

(ii) the profit Percentage of the retailer.

#### Answer 5

— : End of GST-2021 ML Aggarwal Solutions :–

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