GST Selina Concise Solution for ICSE Maths Class 10 Chapter 1

Goods and Service Tax GST

GST Selina Concise Solution for ICSE Maths Class 10 Chapter 1. Step by Step Solution of Selina Concise Maths Chapter -1 ,GST [Goods and Services Tax] . Get Selina Concise Solutions  for ICSE Class 10 Maths of GST Chapter 1. ICSE Maths GST [Goods and Services Tax]  for Class 10th Chapter wise also called Selina Concise Solution Chapter Wise which is very help full for ICSE student. In This Chapter  Solution of Selina Concise of GST [Goods and Services Tax] Class 10th ICSE Maths is given to student appearing in 2020 exam of council. During Solution of GST [Goods and Services Tax]  ICSE Maths for Class 10th use only Formulas and Method prescribe by Council .

Chapter 1 – GST Selina Concise Solution for ICSE Maths Class 10 

 

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Exe-1(A) Exe-1 (B)

 

Chapter 1 – GST Selina Concise Solution for ICSE Maths Class 10

Exercise Ex. 1(A)

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 =

Answer 1

MRP = Rs. 12,000, Discount % = 30%, GST = 18%

Discount = 30% of 12,000 =

Selling price (discounted value) = 12000 – 3600 = Rs. 8400

CGST = 9% of 8400 = Rs. 756

SGST = 9% of 8400 = Rs. 756

IGST = 0

Amount of Bill = Selling price + CGST + SGST  = 8400 + 756 + 756  = Rs. 9912

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 =

Answer 2

MRP = Rs. 50,000, Discount % = 20%, GST = 28%

Discount = 20% of 50,000 =

Selling price (discounted value) = 50,000 – 10,000 = Rs. 40,000

CGST = 0

SGST = 0

IGST = 28% of 40,000 =

Amount of Bill = Selling price + IGST = 40,000 + 11,200  = 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 :

Name of the personABCDE
Repairing cost (in Rs.)55006250480072003500
Discount %3040302040

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

Answer 3

Name of the personRepairing cost (in Rs.)Discount %DiscountSelling priceCGST (9%)SGST (9%)
A55003016503850346.5346.5
B62504025003750 337.5337.5
C48003014403360302.4302.4
D72002014405760518.4518.4
E35004014002100189189
Total18,8201693.81693.8

The total money (including GST) received by the mechanic is 18,820 + 1693.8 + 1693.8 = 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%.

Quantity (no. of items)MRP of each item (in Rs.)Discount %
1815010
2424020
3010030
1212020

Answer 4

QuantityMRPTotal MRPDiscount %Discounted priceSelling priceCGST 2.5%SGST 2.5%
18150270010270243060.7560.75
2424057602011524608115.2115.2
30100300030900210052.552.5
12120144020288115228.828.8
Total10,290257.25257.25

Amount of bill = Selling price + GST

= 10,290 + 257.25 + 257.25

= 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%.

Quantity (no. of items)354720
MRP of each item (in Rs.)420600350
Discount %101020

Answer 5

QuantityMRPTotal MRPDiscount %Discounted priceSelling priceCGST @ 9%SGST

@ 9%

3542014,70010147013,2301190.71190.7
4760028,20010282025,3802284.22284.2
2035070002014005600504504
Total44,2103978.93978.9

Amount of bill = Selling price + CGST + SGST

= 44,210 + 3978.9 + 3978.9

= Rs. 52,167.8

Question 6

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

MRP (in Rs.)12,00015,000950018,000
Discount %30203040
CGST %69142.5

Answer 6

MRP (in Rs.)Discount

%

CGST %Discounted valueSelling priceCGSTSGST
12,00030636008400504504
15,000209300012,00010801080
9500301428506650931931
18,000402.5720010,800270270
37,85027852785

Amount of bill = Selling price + CGST + SGST

= 37,850 + 2785 + 2785  = Rs. 43,420

Question 7

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

MRP (in Rs.)12,00015,000950018,000
Discount %30203040
CGST %69142.5

Answer 7

MRP (in Rs. )DiscountDiscounted valueSelling priceIGSTIGST 
12,0003036008400121008
15,00020300012,000182160
95003028506650281862
18,00040720010,8005540
37,8505570

Amount of bill = Selling price + GST

= 37,850 + 5570

= Rs. 43,420

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.

Rate per piece (in Rs.)Quantity (no. of pieces)Discount %SGST %
18010Net9
26020209
31030Net9
17520309

Answer 8

Rate per piece (in Rs.)Quantity (no. of pieces)Discount %MRPSelling priceIGST @18%
18010Net18001800324
260202052004160748.8
31030Net930093001674
175203035002450441
17,7103187.8

Amount of bill = Selling price + IGST

= 17,710 + 3187.8

= Rs. 20,897.8

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%

Quantity (no. of pieces)20301240
MRP (in Rs. per piece)225320300250
Discount %40305040

Answer 9

MRP (in Rs. per piece)Quantity (no. of pieces)Discount %MRPSelling priceSGST @ 6%CGST @ 6%
225204045002700162162
320303096006720403.2403.2
300125036001800108108
250404010,0006000360360
17,2201033.21033.2

Amount of bill = Selling price + SGST + CGST

= 17,220 + 2066.4

= 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 :

Number of services8121016
Cost of each service (in Rs.)680320260420
GST %5121812

Answer 10

Number of servicesCost of each service (in Rs.)GST %MRPIGST  
868055440272
12320123840460.8
10260182600468
16420126720806.4
18,6002007.2

Amount of bill = Selling price + IGST

= 18,600 + 2007.2

= Rs. 20,607.2

Question 11

For the following, find the amount of bill data :

Rate per piece (in Rs.)Number of piecesDiscount %GST%
183601012
124802018
12120512
281502028

Answer 11

Rate per piece (in Rs.)Number of piecesDiscount %MRP (in Rs.)Selling price (in Rs.)GST %GST (in Rs.)
18360106480583212699.84
12480205760460818829.44
1212051440136812164.16
28150204200336028940.8
15,1682634.24

Amount of bill = Selling price + GST

= 15,168 + 2634.24

= 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.

Answer 12

According to the question,

GST = 18% of 750

=

The amount of bill = 750 + 135 = 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%.

Answer 13

Let the total annual premium paid by Mr. Pankaj be Rs. x. According to the question, 18% of x = SGST + CGST  18% of x = 1800  SGST = CGST     x = 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?

Answer 14

According to the question,

The amount of bill = 5000 × 2 + 1000 + 1000

= 10,000 + 2000

= Rs. 12,000

GST = 28% of 12,000

=

GST charged by Mr. Malik Rs. 3360.

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%)

Answer 15

According to the question,

GST on ticket of Rs. 80 = 18% of 80 =

GST on ticket of Rs. 120 = 28% of 120 =

Difference between both GST = 33.60 – 14.40 = Rs. 19.20

Exercise Ex. 1(B)

 Selina Concise Solution for ICSE Maths Class 10 Chapter 1 GST 

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

  1. S.P. at station A =
  2. CGST = 6% of 15,000 =
    SGST = 6% of 15,000 =
  3. C.P. at station B =
  4. 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%.
  5. GST =
  6. C.P. at station C =

Answer 1

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

  1. S.P. at station A = Rs. 15,000
  2. CGST = 6% of 15,000 = Rs. 900
    SGST = 6% of 15,000 = Rs. 900
  3. C.P. at station B = Rs. 15,000
  4. If profit = Rs. 5000
    S.P. at station B = 15,000 + 5000 = Rs. 20,000
    Now the same goods/services are moved under inter-state transaction from station B to station C and the b rate of tax is 12%.
  5. GST = 12% of 20,000 = Rs. 2400
  6. C.P. at station C = 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:

  1. i. the net GST payable by the dealer at Kanpur.
  2. thecost of goods/services at Jaipur.

Answer 2

When the product is sold from Agra to Kanpur (intra-state transaction)

For the dealer in Agra :

  1. P. in Agra =Rs. 20,000

CGST = 9% of Rs. 20,000 =

SGST = 9% of Rs. 20,000 =

When product is sold from Kanpur to Jaipur (inter-state transaction)

For the dealer in Kanpur

Input-tax credit = 1800 + 1800 = Rs. 3600

  1. P. =Rs. 20,000 and Profit =Rs. 5000

S.P. = 20,000 + 5000 = Rs. 25,000

IGST = 18% of 25,000 = Rs. 4500

  1. Net GST paid by the dealer at Kanpur
    = Output GST – Input GST
    = 4500 – 3600
    = Rs. 900
  2. The cost of goods/services at Jaipur
    = S. P. in Agra + IGST
    = 25,000 + 18% of 25000
    = 25,000 + 4500
    = 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.

Answer 3

For the dealer in Mumbai (inter-state transaction)

CP = Rs. 20,000

IGST = 12% of Rs. 20,000 =

Profit = Rs. 5000

SP = Rs. 25,000

For the dealer in Pune (intra-state transaction)

CP = Rs. 25,000

CGST = 6% of 25,000 = Rs. 1500

SGST = 6% of 25,000 = Rs. 1500

GST payable by the end user at Pune = 1500 + 1500 = Rs. 3000

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.

Answer 4

For the dealer A (intra-state transaction)

SP = Rs. 8,000

For the dealer B (intra-state transaction)

CP = Rs. 8,000

CGST = 9% of 8,000 = Rs. 720

SGST = 9% of 8,000 = Rs. 720

Profit = Rs. 1,200

SP = Rs. 9,200

For the dealer C (inter-state transaction)

CP = Rs. 9,200

IGST = 18 % of Rs. 9,200 =

Input Tax = Rs. 1,656

Since, the dealer in Patna does not sell the product.

Output GST (tax on sale) = 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

  1. The cost of goods/services to the dealer C in Jabalpur.
  2. Net tax payable by dealer B.

Answer 5

For A (case of inter-state transaction)

S.P. in Meerut = Rs. 15,000

For B (case of inter-state transaction)

C.P.= Rs. 15,000

IGST = 18% of 15,000 =

Input tax for B = Rs. 2,700

S.P. in Ratlam = 15,000 + 3000 = Rs. 18,000

For C (case of intra-state transaction)

C.P.= Rs. 18,000

CGST = 9% of 18,000 =

SGST =

Out put tax for B = Rs. 1620 + Rs. 1620 = Rs. 3240

Net GST payable by the dealer B

= Output tax – Input tax

= 1620 + 1620 – 2700

= Rs. 540

Cost for the dealer C in Jabalpur

= S.P. for the dealer in Ratlam + GST

= 18,000 + 1620 + 1620

= Rs. 21,240

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

  1. Output and input taxes for the dealer Y
  2. Net GST payable by dealer Y.

The rate of GST at each stage is 28%

Answer 6

For the dealer X (intra-state transaction)

SP = Rs. 50,000

For the dealer Y (intra-state transaction)

CP = Rs. 50,000

CGST = 14% of 50,000 = Rs. 7,000

SGST = 14% of 50,000 = Rs. 7,000

Input tax for dealer Y = Rs. 14,000

Profit = Rs. 20,000

SP = Rs. 70,000

For the dealer Z (inter-state transaction)

CP = Rs. 70,000

IGST = 28 % of Rs. 70,000 =

∴ Input Tax = Rs. 19,600 which is the output tax for dealer Y.

Net GST payable for Y

= Output tax for Y – Input tax for Y

= 19,600 – 14,000

= Rs. 5600

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

i. Delhi

ii. Calcutta

iii. Nainital

Answer 7

  1. Output tax in Delhi (interstate) :
    IGST = 9% of 50,000 = Rs. 9000
    Output tax in Delhi = Rs. 9000
  2. Output tax in Calcutta :
    C.P. in Calcutta = Rs. 50,000 and Profit = Rs. 20,000
    S.P. in Calcutta = 50,000 + 20,000 = Rs. 70,000
    IGST = 18% of 70,000 = Rs. 12,600
    Output tax in Calcutta = Rs. 12,600
  3.  Since, the dealer in Nainital does not sell the product.
    Output GST (tax on sale) = Rs. 0

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.

Answer 8

Let A sells to dealer B at Rs. x lower price.

According to the question,

Net Tax paid by dealer B is

⇒ Out put tax – Input Tax = Rs. 324

⇒ 18% of 9000 – 18% of (9000 – x) = 324

⇒ 1620 – 1620 + 18% of x = 324

⇒ 18% of x = 324

⇒ x = 1800

Hence, selling price of B = 9000 – 1800 = Rs. 7200

The amount (inclusive of GST) paid by dealer B

= 7200 + 18% of 7200

= 7200 + 1296

= 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.

Answer 9

Initial marked price by manufacturer A is Rs. 6000

B bought the T.V. at a discount of 20%.

Cost price of B = 80% of 6000 = Rs. 4800 ….(i)

GST paid by B for purchase = 18% of 4800 = Rs. 864 ….(ii)

B sells T.V. at discount of 10% of market Price

Selling price for B = 6000 – 10% of 6000 = Rs. 5400 …(iii)

GST charged by B on selling of T.V. = 18% of 5400

= Rs. 972 …(iv)

GST paid by B to the government

= GST charged on selling price – GST paid against purchase price

= 972 – 864

= 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.

Answer 10

Initial marked price by manufacturer A is Rs. 75,000

B bought the T.V. at a discount of 30%.

Cost price of B = 70% of 75,000 = Rs. 52,500 ….(i)

GST paid by B for purchase = 5% of 52,500 = Rs. 2625 ….(ii)

B sells T.V. by increasing marked price by 30%.

Selling price for B = 75,000 + 30% of 75,000 = Rs. 97,500 …(iii)

GST charged by B on selling of T.V. = 5% of 97,500

= Rs. 4875 …(iv)

GST paid by B to the government

= GST charged on selling price – GST paid against purchase price

= 4875 – 2625

= 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.

Answer 11

Let the marked price be Rs. x.

x + 12% of x = 15,680

1.12x = 15,680

x = Rs. 14,000

Initial marked price = Rs. 14,000

Let Gagan asked for priced reduction of Rs. y.

New price = 14,000 – y

GST on new price = 12% of (14,000 – y)

According to the question,

14,000 – y + 0.12(14,000 – y) = 14,000

-1.12y + 1680 = 0

y = 1500

Required reduction in price is Rs. 1500.

 

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