Transaction Value and GST Payable

l. From the following particulars calculate net GST payable (assume CGST is 6%
and SGST is 6%)
Purchase of raw materials within the state Rs. 10,500 (inclusive of GST at 5%),
Profit margin Rs. 500 manufacturing expenses Rs. 500 Wages Rs. 500 Storage
cost Rs. 500 Consultation fees Rs. 500

2. Mr. Manjunath of Karnataka purchased goods from Mr. Venkatesh Babu of

Karnataka for Rs. 8,55,000 including CGST at 6% and SGST at 6% in the month
of July 2021. He incurred Rs. 250,000 as manufacturing expenses and added 30%
of profit on cost. Mr. Manjunath sold 80% of the goods to Mr. Ramesh of
Karnataka on 2nd August 2021. Remaining 20% of the goods were transferred to
branch in Andhra Pradesh on 2nd August 2021. Compute net GST payable.

3. Compute the transaction value of goods from the following information and
GST payable by a dealer registered in Karnataka.
a. Selling price (including IGST of Rs. 2000) Rs. 43,000
Following transaction are not included in the above price:
a. Flight charges paid by supplier charged separately Rs. 1000
b. Normal secondary packing cost Rs. 1500
c. Cost of durable and returnable packing Rs. 1500
d. Insurance of freight paid by supplier charged separately Rs. 500
e. Trade discount (normal practice) Rs. 1000
Rate of GST 18%

4. The provision of GST acts 2017. Compute the transaction value of goods from
the following information and GST payable.
Selling price (including IGST of Rs. 5,000) Rs. 80,000
Transactions that are not included in the above price:
a. Secondary packing cost Rs. 3,000
b. Cost of special packing Rs. 2,000
c. Cost of durable and returnable packing Rs. 2,500
d. Flight charges paid by supplier charged separately Rs. 2500
e. Insurance on freight paid by supplier charged separately Rs. 800
Trade discount at 10% of transaction value, rate of GST 18%.

5. Compute the amount of GST payable from a manufacture as prepared the

invoice as under:
Price of goods (excluding CGST act 9% and SGST at 9%) Rs. 5,00,000
Items not included in the above price
a. Selling expenses Rs. 30,000
b. Publicity charges Rs. 40,000
c. Advertising charges Rs. 50,000
d. Loading and handling charges Rs. 11,000
e. Outward freight and insurance on buyer request Rs. 22,000
Discount at 10% on the price of the good and shown in invoice.

6. Compute the transaction value of taxable goods and IGST bill from the
following information
Wholesale price of the product sold to Pune from a dealer in Nagpur (including
GST 12% Rs. 194,400)
The price is exclusive of the following:
a. Secondary packing cost Rs. 10,800
b. Cost of special secondary packing Rs. 16,200
c. Cost of durable and retainable container Rs. 8,100
d. Freight Rs. 6750
e. Insurance on freight Rs. 1350
f. Trade discount Rs. 20,000

7. Ms. Lalitha limited (registered dealer) situated in Pune as purchased raw

material from local registered dealer for Rs. 50,000 and paid consultation fees
Rs. 8000 and spent storage cost Rs. 4,000 transportation cost, Rs. 6,000, wages
Rs. 10,000 and packing cost Rs. 12,480. Calculate net GST (locally) at profit
Rs. 20,50,000 (Assume CGST 6% and SGST 6%)
8. Mrs. Soumya (registered dealer) purchased goods Rs. 80,000 from local
registered dealer. She paid legal fees of Rs. 5,000. Purchased plastic packing
material Rs. 5,000, transportation cost Rs. 5,000, Wages Rs. 5,000 other
manufacturing expenses Rs. 5000 consulting fees Rs. 12,000. If CGST is 9% and
SGST is 9%, Calculate net GST payable. She sold goods within a state at a profit
of Rs. 20,33,000

9. Mr. Gopala submit the following information. Calculate transaction value

a. Goods U purchased within the state (inclusive at GST at 5%) Rs. 6,15,000
b. Goods S purchased within the state (inclusive of GST at 12%) Rs. 6,12,000
c. Goods H purchased from register dealer at 12% GST Rs. 60,000
d. Goods A purchased in local market from understood dealer at 12% GST
Rs. 6,08,000
e. Goods D purchased within the state from composite dealer at 5% GST
Rs.6,68,050
f. Goods E imported from Himachal Pradesh excluding IGST at 18% Rs. 60,000
g. Goods V purchased from Andhra Pradesh inclusive of IGST at 5% Rs. 63,000
h. Goods I imported from Sri Lanka including basic customs duty and excluding
IGST at 18% Rs. 650,000
i. Goods N imported from Thailand inclusive of basic customs duty and GST at
18% Rs. 6,18,000
labour charges Rs. 63,950
Mr. Gopal sold entire stock to Mr. Prasad at profit of 16% on the cost of
production.

10. Mr. Kumar submit the following information. Calculate the transaction value
a. Result vegetables purchased within state (GST inclusive of 18%) Rs. 118,000
b. Shaving cream purchased from USA (excluding BCD@ 10% and GST at 28%)
Rs. 1,28,000
c. Soap purchased from registered dealer for rate of GST 18% Rs. 80,000
d. Machine tools purchased from UK (including BCD @ 10% and including GST
@ 18%) Rs. 118,000
e. Food mixer purchased from composer dealer, rate of GST at 18% Rs. 5,00,000
f. Printed circuits purchased from Pakistan including BCD at 10% and excluding
GST 18% Rs. 4,00,000
g. Transportation cost Rs. 2,00,000
h. Profit to manufacturer Rs. 80,000

11. Compute transaction value of goods from the following information and the
GST payable by a registered dealer in Karnataka
a. Selling price (including IGST of Rs. 2,000) Rs. 43,000
Following transaction are not included in the above price
a. Flight charges paid by supplier charged separately Rs. 1000
b. Normal secondary packing cost Rs. 500
c. Cost of durable and returnable packing Rs. 1500
d. Insurance on freight paid by supplier charged separately Rs. 500
e. Trade discount normal practice Rs. 1000
Rate of GST 18%

12. Mr. Subba Rao registered dealer in Karnataka from the following compute
transaction value
a. Raw material purchased from foreign market including customs duty paid on
imports at 10% and exclusive of IGST at 12% is Rs. 5,50,000
b. Raw material purchased from local market (including GST charged on material
at 5%) Rs. 230,000
c. Raw material purchased from Orissa including IGST at 12% Rs. 45,000
d. Transportation and insurance cost Rs. 25,000
e. Manufacturing expenses Rs. 3,50,000
f. Material purchased from registered dealer who opted for composition scheme
under GST Rs. 4,00,000 Rate of GST on this material is 1%.
g. Profit margin of manufacturer is 10% on the selling price
Mr. Gopal sold 25% of the finished goods to special economic zone in Bangalore
and the balance to a dealer in Bangalore. The GST rate on sale of such goods is
12% compute net GST liability.