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

**[SGST – CGST = ½ × rate of GST – 6%]**

**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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