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31.05.2021, adminFirst, we understand some concepts of GST in this post. Before GST, there were 13 different indirect taxes in India. GST is a common tax for goods and service. The tax will be implemented at every step of value creation. For more details about GST, visit its official website. India is a federal democracy which mean one which has clear demarcation of powers, responsiblity and revenue collection between the State and Central in its constitution.
The GST too need have clear provisions on what areas the Center and the State are allowed to collect revenue to prvent an overlapping. The GST Rates for different items are as below:. Abdul a manufacturer, sells his product worth Rs. He buys goods worth Rs. A shoe manufacturer purchases goods worth Rs. He sells his product in the neighbourhood market for Rs, Mrs Lata has a leather coat manufacturer unit in state A.
She buys raw materials worth Rs. She sells her product worth Rs. If the rate of CGST 2. Find the amount of IGST payable by him. A sewing machine manufacturer purchases raw materials worth Rs. He produced two types of sewing machine, 50 type A whose base price is Rs. He has two clients outside the state and received orders for 10 type A and 20 type B only by the client X, and 10 each by client Y.
Since sales are occurred in different states,. The sales price of a washing machine, inclusive of GST is Rs. Let the list price of washing machine is Rs. Radhika buys crockery having marked price Rs.
Also, find the amount of SGST. The list S Chand Icse Mathematics Class 10 Solutions Tab price of a Dell laptop is Rs. Find i the taxable amount. Sarita buys goods worth Rs from Easy day store. Since Sarita is a member of Easy day, Selling price for Sarita is. Also, find the final price consumer has to pay for the goods.
Thus, the list price of goods is Rs Anil went to a shop to buy a bicycle costing Rs He asks the shopkeeper to reduce the price of the bicycle to such an extent so that he has to pay Rs. Find the reduction needed in the price of the bicycle. The price of a mobile phone is Rs. Vineeta asks for a discount on the list price so that after charging the GST, the final price becomes the list price.
Find i the amount of discount which Vineeta got from the shopkeeper, ii the amount of SGST on the discounted value of the mobile. This is discounted amount inclusive of GST.
He manufactured such calculators. Find the final price dealer paid for the calculators. The manufacturer produces television sets at a cost of Rs. He sells it to distributor at a profit of Rs. Find i the final amount which consumer pays for the article ii total GST amount. A manufacturer washing machines at a cost of Rs. The manufacturer sold a TV to a wholesaler at a profit of Rs. The wholesaler sold it to a trader at a profit Rs If the trader sold it to the customer at a profit Rs The cost of accessories is Rs.
Find i Total amount of GST to nearest rupee ii Total amount to nearest rupee including the insurance premium paid by Mr. T N Naim. A person bought following stationary items. If SGST is 2. Also find the amount of GST paid by him. Gupta bought following articles from a departmental store. Madhukar buys following goods from Big Bazar. Bro you are doing a great job but it will be more nice if you will provide a.
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