ML Aggarwal Solutions GST MCQs for ICSE Class 10 Ch-1. According to latest guideline of council there will be more questions based on MCQS in Sec-A of Board Exam.
Therefore Step by step solutions of Ch-1 Goods and Service Tax MCQs of ML Aggarwal Understanding ICSE Mathematics. given below. Visit official Website CISCE for detail information about ICSE Board Class-10.
ML Aggarwal Solutions Goods and Service Tax MCQs
ICSE Class 10 Ch-1 GST
| Board | ICSE |
| Subject | Maths |
| Class | 9th |
| Chapter-1 | GST |
| Writer / Book | Understanding |
| Topics | Solutions of MCQs |
| Academic Session | 2024-2025 |
Multiple Choice Questions (MCQs)
ML Aggarwal Solutions GST ICSE Class 10 Ch-1
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
1500+1500X10⁄100=1650
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
Given, GST (rate) = 12%
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
The tax (under GST) paid by wholesaler to Central Government
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
Amount of input SGST of the retailer = 6% of ₹ 1500
Amount of tax (under GST) paid by retailer to State Government = Output SGST – Input SGST
Page-18
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
Amount of CGST paid by the retailer = Output CGST – Input CGST
= ₹ (99-90) = ₹9
Thus, amount of tax (under GST) received by Central Government
= CGST paid by distributor + CGST paid by retailer
= (6% of ₹1500) + 9
= 90 + 9 = ₹99
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
Here, selling price of fan = ₹1650
GST on fan = 12% of ₹1650
=1650 x 12⁄100
=198
ML Aggarwal Solutions Goods and Service Tax MCQs
A shopkeeper bought a TV from a distributor at a discount of 25% 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
It is case of intra state
Discount = 32000 x 25/100
= 8000
SP= 32000-8000
=24000
SP with GST by distributor
24000 + 24000 x 18/100
=28320
Hence option (c) is correct
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
Tax (under GST) paid by distributor to the State Government
= SGST = 9% of ₹24000
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
Amount of input CGST by the shopkeeper,
CGST = ₹2160, SGST = ₹2160
Amount of GST collected by the shopkeeper or paid by the consumer
= 18% of ₹32000
SGST = 5760/2 = ₹2880 = CGST
Amount of CGST paid by shopkeeper to Central Government = Output CGST – Input CGST
= 2880-2160 = ₹720
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
Amount of SGST paid by Shopkeeper to state government = ₹ 720
∴ Total tax (under GST) received by State Government = ₹2160 +₹720 = ₹2880
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
Consumer buy on list price 32000
It is a case of intra-state transaction of goods and services.
SGST = CGST = ½ GST
Given:
The price inclusive of tax (under GST) which the consumer pays for the TV.
CP of an article for shopkeeper = ₹32000
SP of article = ₹32000 + 18% of ₹32000
= ₹32000 + (18/100) × 32000
or ₹32000 + 5760
= 37760
Hence option (b) is correct
— : End of ML Aggarwal Solutions GST MCQs Questions for ICSE Class 10 Ch-1 :–
Return to :- ML Aggarwal Solutions for ICSE Class-10
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