GST RS Aggarwal MCQs Class 10 Goyal Brothers ICSE Maths Solutions

GST RS Aggarwal MCQs Class 10 Goyal Brothers Prakashan ICSE Foundation Maths Solutions Ch-1. Step by step solutions of Goods and Service Tax (GST) MCQs questions as latest prescribe guideline for upcoming exam. Visit official Website  for detail information about ICSE Board Class-10.

GST RS Aggarwal MCQs Class 10 Goyal Brothers Prakashan ICSE Foundation Maths Solutions Ch-1

 Board ICSE Publications Goyal Brothers Prakashan Subject Maths Class 10th Chapter-1 Goods and Service Tax (GST) Writer RS Aggarwal Book Name Foundation Topics Solution of MCQs Questions Edition 2024-2025

Goods and Service Tax (GST) MCQs Question with Solutions

( GST RS Aggarwal MCQs Class 10 Goyal Brothers Prakashan ICSE Foundation Maths Solutions Ch-1 )

Page- 15,16

Multiple Choice Questions :

Que-1: The full form of GST is : (a) Government Service Tax  (b) Goods and Services Tax  (c) Government Sales Tax  (d) None of these

Solution-  (b) Goods and Services Tax

Que-2: IGST is charged on : (a) interstate transaction  (b) intrastate transaction  (c) both (a) and (b)  (d) none of these

Solution-  (a) interstate transaction

Que-3: ITC stands for : (a) Income Tax Calculations  (b) Input Tax Credit  (c) Instant Tax Credit  (d) none of these

Solution-  (b) Input Tax Credit

Que-4: GST is : (a) a direct tax  (b) an indirect tax  (c) both (a) and (b), (d) neither (a) and (b)

Solution-  (b) an indirect tax

Reason:  Tax not paid by customer directly to goverment

Que-5: GST which is collected by the state government for intrastate transaction is known as : (a) CGST  (b) SGST  (c) IGST  (d) All of these

Solution- (b) SGST

Que-6: The selling price of the shirt excluding GST is Rs800. If the rate of GST is 12%, then the total price of the shirt is : (a) Rs 704  (b) Rs 96  (c) Rs 896  (d) Rs 848

Solution- (c) Rs 896

Reason: 12% of 800
= (12/100) x 800 = 96
= 800 + 96 = 896.

Que-7: For a transaction of Rs 80000 in Delhi, if GST rate is 18%, then SGST is : (a) Rs7200  (b) Rs14400  (c) Rs6400  (d) nil
Solution- (a) Rs7200

Reason:  Given that GST is 18%
So, CGST = 9% and SGST = 9%
The SGST amount would be 80000 * 9% = 7200.

Que-8: A dealer in Mumbai sold a washing machine to a consumer in Mumbai for Rs18000. If the rate of GST is 18%, then SGST is : (a) 1620   (b) 3240   (c) nil   (d) none of these
Solution- (a) 1620

Reason:  GST % =18%
extra money to paid due to SGST
= 9% of 18000
= (9/100)×18000
= 0.9×18000
= 1620.

Que-9: The printed price of an article is Rs3080. If the rate of GST is 10%, then the GST charged is : (a) Rs154   (b) Rs308   (c) Rs30.80   (d) Rs15.40
Solution- (b) Rs308

Reason:  Printed Price = ₹ 3080
Then GST 10% = ₹3080×10100
= ₹ 308

Que-10: A dealer in Agra bought some goods worth Rs12000. If the rate of GST is 18%, then the amount paid by the dealer is : (a) Rs14000   (b) Rs14160   (c) Rs15000   (d) Rs16180
Solution- (b) Rs14160

Reason:  GST paid by deal = 18% of 12000
=> [ 18/100 ] × 12000
=> [ 0.18 ] × 12000
=> 2160
Hence, the amount paid by the dealer is
Amount paid =  12000 + 2160 = 14160
Therefore,
The amount paid by the dealer for the goods is 14160.

Que-11: In a transaction from Delhi to Lucknow, MRP = Rs10000, discount = 10%, GST = 28%. Here IGST is : (a) Rs2520   (b) Rs5040   (c) nil   (d) none of these
Solution- (a) Rs2520

Reason:  IGST = GST
MRP = 10,000 Rs
Discount = (10/100)10000 = 1000 Rs
Price after discount = 10000 – 1000 = 9000 Rs
IGST = GST = (28/100) 9000 =  Rs 2520

Que-12: A refrigerator was sold for Rs15000 under intrastate transaction from station A to station B and the GST rate is 18%. CGST is equal to : (a) Rs1400   (b) Rs1350   (c) Rs1300   (d) Rs2700
Solution- (b) Rs1350

Reason:  SP of refrigerator = 15000
( GIVEN ) = GST rate = 18%
CGST rate = 9%
15000 × 9/100 = 1350
hence the CGST = 1350.

Que-13: A consumer bought a T.V. from a dealer at a discount of 20% on the marked price of Rs40000. If the rate of GST is 18%, then the tax paid by the consumer is :  (a) Rs5760   (b) Rs2880   (c) nil   (d) Rs7200
Solution- (a) Rs5760

Reason: The consumer bought a TV from a dealer at a discount of 20% on the marked price of Rs40,000
∴ Selling price of TV
= Rs40,000 x (80/100)
= Rs32,000
The rate of GST is 18%
Hence tax paid by the consumer
= Rs32,000 x (18/100)
= Rs5760.

Que-14: The marked price of an article is Rs5000. The shopkeeper gives a discount of 10%. If the rate of GST is 12%, then the amount paid by the consumer including GST is : (a) Rs5040   (b) Rs6100   (c) Rs6272   (d) Rs6160
Solution- (a) Rs5040

Reason:  Discount = 10% of Rs. 5000 = 0.10 * 5000 = Rs. 500
Discounted Price = Marked Price – Discount = Rs. 5000 – Rs. 500 = Rs. 4500
GST = 12% of Rs. 4500 = 0.12 * 4500 = Rs. 540
Final Amount = Discounted Price + GST = Rs. 4500 + Rs. 540 = Rs. 5040.

Que-15: Goods from Delhi are sold to Ranchi (Jharkhand) for Rs20000 and then from Ranchi to Cuttack (Odisha). If the rate of GST is 18%, and the profit made at Ranchi is Rs5000, then :

(i) the net GST payable by the dealer in Ranchi is : (a) Rs1000  (b) Rs900  (c) Rs850   (d) Rs875
(ii) the costs of goods at Cuttack is : (a) Rs26250   (b) Rs27800   (c) Rs29500   (d) Rs31200

Solution- (i) (b) Rs900      (ii) (c) Rs29500

Reason: (i) GST = (Total value of goods * GST rate) / 100
= (Rs 25,000 * 18) / 100
= Rs 4,500
Input Tax Credit = GST paid on purchase
= (Cost of goods purchased * GST rate) / 100
= (Rs 20,000 * 18) / 100
= Rs 3,600
Net GST payable = Output tax – Input tax credit
= Rs 4,500 – Rs 3,600
= Rs 900.

(ii) Total cost in Ranchi = Cost from Delhi + Profit
Total cost in Ranchi = Rs. 20,000 + Rs. 5,000
Total cost in Ranchi = Rs. 25,000
GST amount in Ranchi = (Total cost in Ranchi) * (GST rate)
GST amount in Ranchi = Rs. 25,000 * 0.18
GST amount in Ranchi = Rs. 4,500
Total amount in Ranchi = Total cost in Ranchi + GST amount
Total amount in Ranchi = Rs. 25,000 + Rs. 4,500
Total amount in Ranchi = Rs. 29,500.

Que-16: A shopkeeper bought an article from a dealer at Rs1000. He sold it to the customer at Rs1200. If the rate of GST is 12%,then :

(i) GST payable by dealer is : (a) Rs120   (b) Rs240   (c) Rs144   (d) Rs288
(ii) The amount paid by the customer to buy the item is : (a) Rs1200   (b) Rs1300   (c) Rs1344   (d) Rs1350

Solution- (i) (a) Rs120       (ii) (c) Rs1344

Reason:  (i) A shopkeeper bought an article from a dealer at 1000.
Hence Dealer sold the Product  = Rs 1000
GST = (12/100) 1000 = Rs 120
GST Paid by Dealer  = Rs 120.

(ii) Shopkeeper Sold for Rs 1200
GST = (12/100)1200  = Rs 144
the amount paid by the customer is
= 1200 + 144  = Rs1344.

Que-17: Three friends A,B and C live in Delhi. A sells medicine worth Rs50000 to B, B sells the same medicine to C at a profit of Rs6000. If the rate of GST is 12%, then :

(i) SGST paid by B is : (a) Rs300   (b) Rs360   (c) Rs400   (d) Rs425
(ii) Total CGST is : (a) Rs2600   (b) Rs2700   (c) Rs3360   (d) Rs3500

Solution- (i) (b) Rs360    (ii) (c) Rs3360

Reason: (i) SP of article by A = Rs. 50,000
SGST = 6% of 50,000 = (50000 * 6)/100 = Rs.3000 .
CP of article for B = Rs. 50,000
profit = Rs. 6000.
SP of article by B = 50,000 + 6000 = Rs. 56,000.
SGST Paid by B = 6% of 56,000 = (56000 * 6)/100 = Rs.3360 .
SGST paid by B is
= 3360 – 3000
= 360.

(ii) Total CGST = 6% of 56,000
= (56000 * 6)/100
= Rs.3360 .

Que-18: Mr. Gupta wanted to book a semidelux room in hotel for Rs750. Since semidelux room was not available, he books a delux room for Rs1400. If GST for a room below Rs1000 is 18% and GST for a room above Rs1000 is 28%, then :

(i) The amount paid by the Mr. Gupta for the delux room is : (a) Rs1700   (b) Rs1792   (c) Rs1800   (d) Rs1850
(ii) The extra GST Mr. Gupta paid for the delux room is : (a) Rs257   (b) Rs280   (c) Rs300   (d) Rs425

Solution- (i) (b) Rs1792    (ii) (a) Rs257

Reason: (i) GST amount for the deluxe room = 28% of Rs. 1400
= Rs. (0.28 * 1400)
= Rs. 392
Total amount paid = Room price + GST amount
= Rs. 1400 + Rs. 392
= Rs. 1792.

(ii) GST He would have paid for semidelux room
(18/100)×750
= (18/10)×75
= (18/2)×15
= 9×15
= 135
GST He would pay for deluxe room
(28/100)×1400
= 28×14
= 392
to find extra GST He would pay
= 392 – 135
= 257.

Que-19: A dealer purchased a music system from the manufacturing company for Rs25000 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 : (a) Rs2250   (b) Rs4500   (c) Rs5000   (d) nil
(ii) the amount of GST payable by the dealer to the Government is : (a) Rs2250   (b) Rs900    (c) Rs450      (d) nil
(iii) the amount that the consumer has to pay for the music system is : (a) Rs30000    (b) Rs32700    (c) Rs35400    (d) Rs36000

Solution- (i) (a) Rs2250   (ii) (b) Rs900   (iii) (c) Rs35400

Reason: (i) C.P. of dealer is 25000
GST is 18%
CGST is 9% of 25000
= 25000 x (9/100)
= 2250.

(ii) The cost price (CP) = Rs. 25000
His percentage profit is 20%. So, the profit will be:
Profit (P) = 20% of CP
= 20% of 25000
=20100×25000
= Rs. 5000
SP = 25000 + 5000
SP = Rs. 30000.
GST is 18% of 30000
= (18/100) x 30000
= 5400
GST of dealer is 4500
GST paid to Government is
= 5400 – 4500
= 900.

(iii) The amount consumers need to pay is the GST over the selling price.
Amount = SP + GST
Amount = 30000 + 5400
Amount = Rs. 35400
Therefore, the amount that the consumer has to pay for the music system is Rs. 35400

— : End of GST RS Aggarwal MCQs Class 10 Goyal Brothers Prakashan ICSE Foundation Maths Ch-1 solutions  : —

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