Choose the correct option for each of the following questions : 1. The full form of GST i: (A) Government Service Tax (B) Goods and Services Tax (©) Government Sales Tax (D) none of these 2. IGST is charged on : . (A) interstate transaction (B) intrastate transaction (C) both (A) and (B) (D) none of these Scanned with CamScannere ITC stands for : (A) Income Tax Calculations (© Instant Tax Credit |, GST is : (A) a direct tax (©) both (A) and (B) (B) Input Tax Credit (D) none of these (B) an indirect tax (D) neither (A) nor (B) ST which is collected by the state government for intrastate transaction is known as: (A) CGST (B) sGsT ». For any intrastate transaction, IGST is : (A) 12% (B) 18% . GST payable is equal to : (A) ITC = output GST (©) output GST - ITC . Interstate trade means : (A) the trade within a state (©) both (A) and (B) Which of the following is correct? (A) GST payable = output GST + ITC (© GST payable = supa GST (©) GST (D) AlLof these (C) 28% (D) nil (B) output GST + ITC (D) output GST (B) the trade between two states {D) neither (A) nor (B) (B) GST payable = output GST - ITC (D) GST payable = output GST x ITC Which of the following taxes is not covered under GST? (A) Service Tax (B) Central Cess . Input Tax Credit (ITC) is equal to : (A) Output GST + GST payable (©) GST payable ~ Output GST . Output GST is equal to : (A) GST payable - ITC (©) ITC - GST payable (©) State Tax (D) Taxes on petroleum (B) Output GST - GST payable (D) none of these (B) GST payable + ITC (D) none of these A shopkeeper in Jaipur sold a laptop to a consumer in Jaipur for 42,000. If the rate of GST is 18%, then IGST is : (A) %3780 (B) 77560 (A) 27,200 (B) 714,400 © nil (D) none of these |. For a transaction of €80,000 in Delhi, if GST rate is 18%, then SGST is : (© 26,400 (D) nit ‘A dealer in Mumbai sold a washing machine to a consumer in Mumbai for 218,000. If the rate of GST is 18%, then SGST is : (A) 21620 (B) 73240 known as : (A) CGST (B) SGST © nit (D) none of these |. The tax levied by the central government for interstate transaction of goods and services is (©) IGst (D) none of these ‘A dealer in Agra bought some goods worth €12,000. If the rate of GST is 18%, then the amount paid by the dealer is : (a) @14,000 (B) 714,160 © 715,000 (D) %16,180 Scanned with CamScanner¥ £10,000 discount = 10%, GST « a % * ep, rransaction fram Delhi to Lucknow, MRP 18 In a transac anne (By 5040 (C) nil (D) noM© oF theye ieee ge sald for £15,000 under intrastate transaction from station A to stag, i rae ig 18%. CGST is equal (0: (By 71350 (C) 71300 (D) 22700 rat A) £1400 4 On: dealer at a discount of 20% on the marked price » sht a TY, from a t on 2} then the tax paid by the consumer is : (RB) %2880 (C) nil (D) 27200 Ma comypter moniter to a consumer in Kanpur for 28,200. 1 he, eof 20, A consumer boug 20 If the rate of GST i (AL35760 21, A dealer in Kanpur sok GST is 18%, then CGST is : (B) 2738 (C) 71476 (D) %1510 | | | (A) %oSO 22. ye purchased goods worth £15,000 and sold them for €21,000 within the state, yp Se GST is 12%, then the net SGST paid by the dealer is : (A) £360 (B) €720 (©) %800 (D) %850 a washing machine for £20,000 from a dealer, He sold it t0 a cong the rg | i 23. A shopkeeper bought bss | at a profit of £5000, If the rate of GST is 28%, then the tax liability of the shopkeeper; (A) 71400 (B) 7700 (C) %650 (D) Znil 24, A dealer in Delhi sold a water heater whose marked price is 22,000 to a consumer in Die 4 discount of 25%, If the rate of GST is 18%, then the SGST paid is : a (a), 21485 (B) %2970 (© 21980 (D) nil 25, Anushka bought 400 g of almonds at £1200 per kg. If the rate of GST is 5%, then the amou paid by Anushka is : * (A) 504 (B) %480 (C) 71260 (D) %630 } 26. A shopkeeper bought an LED for %24,000 from a dealer. He sold it to a consumer at a pty of 26000. If the rate of GST is 28%, then the tax liability of the shopkeeper is : (a) 71680 (B) 21800 (©) %2000 (D) %2420 27. A dealer in Jaipur sold a jewellary set to a consumer in Jaipur for %1,50,000. If the rate of Gst is 28%, then IGST is : (A) nil (B) 221,000 (C) 242,000 (D) %56,000 28. A dealer purchased goods for €1,00,000 and sold them for %1,40,000 within the state, If te rate of GST is 12%, net SGST paid by the dealer is : : (A) 4,800 (B) 22,400 (C) %8,400 (D) nil 29. A retailer purchases an AC for %26,400 from a company, He sold it to a consumer at a profit of 25,000 in the same city. If the rate of GST is 28%, then the tax liability of the retailer is: (A) 71,400 (B) 21,600 (C) 2700 () ail 30. A dealer in Robtak (Haryana) sold a table for & i f 16,000 If the GST rate is 18%, then IGST is : F €16,000 to a consumer in Sonepat (Haryana). A140 (B) %2880 (© %3000 jo 31. A dealer in Delhi sells a machine to a shopkeeper in Delhi for 12,000 and the shopkeeper sls it to a customer in Delhi = the shopkeeper is + Delhi at a profit of %3,000. If the GST rate is 18%, then the tax lability of (A) %540. (B) %270 (C) %620 (D) nil ier S : Scanned with CamScanner32. 3B. Me 36. 3. 38. A dealer in Agea sold an LED to rate of GS (A) 12% Mr, Sharma purchased of GST is 18%, then : 4 customer in Agra for %28,000, If ST is 72,520, then the (B) 18% (C) 9% (D) 28% Boods worth 240,000 from a dealer (within the same state. If the rate (i) CGST is ; (A) 330600 (B) %7200 (C) %8000 (D) nil (ii) SGST is : (A) 77200 (B) %7000 (C) 73600 (D) nil Mr. Devgan has a recurring deposit account in a bank for 3 years at fhe gets 73996 as interest at the time of maturity, then : (the monthly deposit is : 4% pa. simple interest. (A) 22,000 (B) 71,800 (©) 21,600 (D) 21,500 ii) the maturity value is : (A) 60,596 (B) %65,896 (© 766,096 (D) 268,796 * The tax invoice of a mobile company in Delhi shows cost of services provided by it as 71200. If the rate of GST is 18%, then : () CGST is (A) Z108 (B) 2216 (© 432 (D) nil (ii) Amount of the bill is : (A) 71,400 (B) %1,308 (© %1,416 (D) %1,500 A shopkeeper in Rampur sold an oven to a customer in Rampur for 226,400, If the rate of GST is 28%, then : ( IGST is : (A) 73696 (B) %7392 (©) %1848 (0) nil (ii) SGST is : (A) 73696 (B) &7392 (© %5100 (©) nil A dealer in Bhopal (M.P) supplies goods worth %30,000 to a dealer in Delhi. The dealer in Delhi supplies the same goods to a customer in Delhi at a profit of 25,000. If the rate of GST is 18% then (i) the cost of goods to the customer is : (A) %40,000 (B) %41,300 (C) 42,000 (D) %44,000 (i) the net GST paid by the dealer in Delhi is : (A) %900 (B) %2700 (C) %5400 (D) nil A dealer in Patna (Bihar) supplies goods worth %15,000 to a dealer dealer in Sonepat supplies the same goods to a dealer in Rohtak (Ha If the rate of GST is 18%, then : (i) The cost of goods to the dealer in Rohtak is : in Sonepat (Haryana). The yana) at a profit of 73,000. (A) 221,000 (B) %21,150 (© %21,240 (0) %22,150 (ii) Net GST paid by the dealer in Sonepat is : (A) %540 (B) 7700 (©) %720 (D) nil Scanned with CamScanner39. 40, 4. 42. 43. 44. 45. A retailer purcha If the sales are inteas i (i) The selling price of the iro 3 id sells it to a consumer es an iron for €1500 from a dealer an aie sae, and the rate of GST is 12% then : i m including GST by the retailer is ; (A) ©1550 (B) 21848 i io sie coe 2016 ii) The GST) paid by the dealer to the cen is: 2 Th ele 6) X99 ©) Ng - (D) 790 1 €1500 from a dealer and sold it to a customer at 190 thine fae snipe Sad rate of GST is 12%, then 10% prog, (i the tax (under GST) paid by the shopkeeper to the state government is ; (A) %9 (B) 798 (C) X99 (D) nil (i) the tax (under GST) received by the central government is : (A) @18 (B) 799 (©) 2198 (D) nit A desler in Mumbai sells a misture-grnder to a customer in Mumbai at €8400. IF the me . GST is 18%, then = (i IGST is : a (B) F512 (C) nit (D) &378 Gi) SGST is : (a) 8756 (B) %1512 (©) 71260 () nit Goods from Delhi are sold to Ranchi (Jharkhand) for %20,000 and then from Ranchi tp Cuttack (Odisha). If the rate of GST is 18%, and the profit then ; made at Ranchi is 5,000 ( the net GST payable by the dealer in Ranchi is : (A) 71000 (B) %900 (C) %850 (i) the cost of goods at Cuttack is : (A) %26,250 (B) 227,800 (© 229,500 A shopkeeper bought an article from a dealer at 21 the rate of GST is 12%, then : (® GST paid by dealer is : (A) %120 (B) %240 (D) %875 (D) 331,200 000. He sold it to the customer at 71200. If (C) 144 (D) %288 (i) The amount paid by the customer to buy the item is : (A) 71200 (B) %1300 Three friends A, B and C live in Delhi. (© 21344 (D) 71350 . A sells medicine worth %50,000 to B, B sells the same medicine to C at a profit of 26000. If the rate of GST is 12%, then (i) SGST paid by B is : . (A) 300 (B) 7360 i) Total CGST is: (A) 22600 (B) %2700 Mr. Gupta wanted to book a semidi not available he booked a delux room for %1400, GST for a room above 21000 is 28%, then: (i) the amount paid by the Mr Gupta for the d (A) %1700 (B) %1792 (C) 2400 (D) 2425 (C) %3360 (D) 73500 lelux room in a hotel for 2750. Since semidelux room We If GST for a room below %1000 is 18% an! lelux room is : (C) &1800 (D) 71850 Scanned with CamScanner | | | | | | | | | | | |(ii) the extra GST did Mr Gupta pay for the delux room is : (A) %257 (B) 280 (C) %300 (D) %425 46. A dealer purchased a music system from the manufacturing company for 25,000 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) %2250 (B) 74500 (C) %5000 (D) nil (ii) the amount of GST payable by the dealer to the government is : (A) %2250 (B) %900 (C) 450 (D) nil (iii) the amount that the consumer has to pay for the music system is : (A) 30,000 (B) %32,700 (C) %35,400 (D) %36,000 Scanned with CamScanner