Jitender Gupta and Divya Malik Solutions for Exercise 1: CHAPTER EXERCISE

Manufacturer Anshul sells a LG freeze to a dealer Lalit for $₹12500$. The dealer Lalit sells it to a consumer at a profit of $₹1500$. If the sales are intra state and the rate of GST is $12\%$.

Find the amount of tax (under GST), paid by the dealer Lalit to the Central Government. How much the tax amount (under GST) received by the State Government and find the amount that the consumer pays for the LG Freeze.

A manufacturer sells a Hercules cycle to a dealer for $₹18000$ and the dealer sells it to a consumer at a profit of $₹1500$. If the sales are intrastate and the rate of $\mathrm{GST}$ is $12\%$, Find

(i) how much GST amount paid by the dealer to the State Government?

(ii) the GST amount received by the Central Government.

(iii) the GST amount received by the State Government.

(iv) the amount that the consumer pays for the Hercules cycle.

A shopkeeper buys an item whose printed price is $₹4000$ from a wholesaler at a discount of $20\%$ and sells it to a consumer at the printed price. If the sales are intra state and the rate of GST is $12\%$, Find

(i) the price of the article inclusive GST in which the shopkeeper bought it.

(ii) the amount of tax ( under GST) paid by the shopkeeper to the State Government.

(iii) the amount of tax (under GST) received by the Central Government.

(iv) how much the consumer pays the amount to the article?

A shopkeeper buys a dressing table at a discount of  $20\%$ from a wholesaler, the printed price of dressing table being $₹1600$. The shopkeeper sells it to a consumer at the printed price. If the sales are intra state and the rate of GST is  $12\%$, find GST paid by the shopkeeper to the Central Government.

(i) GST paid by the shopkeeper to the Central Government.

(ii) GST received by the Central Government.

(iii) GST received by the State Government.

(iv) the amount at which the consumer bought the dressing table.

The printed price of bicycle is $₹60000$. The manufacturer allows a discount of $25\%$ to a dealer Sanjeev. The dealer Sanjeev sells the article to another dealer Mohit at a discount of $12\%$ on the marked price. The dealer Mohit sells it to a consumer at $5\%$ above the printed price. If all the sales are intra-state and the rate of GST is $18\%$, Find

(i) the price of bicycle inclusive of tax (under GST) (in rupees) paid by dealer Sanjeev.

(ii) the price of bicycle inclusive of tax ( under GST)  paid by dealer Mohit.

(iii) the amount in which the consumer pays for the bicycle.

(iv) the amount of tax (under GST) paid by dealer Sanjeev to the Central Government.

(v) the amount of tax (under GST) paid by dealer Mohit to the State Government.

(vi) the amount of tax (under GST) received by the Central Government.

A manufacturer marks an article at$₹5000$. He sells it to a wholesaler at a discount of $25\%$ on the marked price and wholesaler sells it to a retailer at a discount of $15\%$ on the marked price. The retailer sells it to the consumer at the marked price. If all the sales are intra state and the rate of GST is $12\%$,Find

(i) the amount inclusive of tax (under GST) which the wholesaler pays for the article.

(ii) the amount inclusive of tax (under GST) which the retailer pays for the article.

(iii) the amount of tax (under GST) which the wholesaler pays to the Central Government.

(iv) the amount of tax (under GST) which the retailer pays to the State Government.

The printed price of a bed sheet is $₹2500$. A wholesaler in Karnataka buys the bed sheet from a manufacturer in Punjab at a discount of $12\%$ on the printed price. The wholesaler sells the bed sheet to a retailer in Jharkhand at $32\%$ above the marked price. If the rate of GST on the bed sheet is $5\%$, Find

(i) the price inclusive of tax ( under GST) which the wholesaler bought the bed sheet.

(ii) the price inclusive of tax ( under GST) at which the retailer bought the bed sheet.

(iii) the tax ( under GST) paid by the wholesaler to the Government.

(iv) the tax (under GST) received by the Central Government.

The printed price of a washing machine is $₹40000$. A wholesaler in Chattisgarh buys the washing machine from a manufacturer in Delhi at a discount of $10\%$ on the printed price. The wholesaler sells the washing machine to a retailer in Haryana at $5\%$ above the printed price. If the rate of GST on the washing machine is $18\%$, find

(i) the amount inclusive of tax (under GST) paid by the wholesaler for the washing machine.

(ii) the amount inclusive of tax (und􀁭r GST) paid by the retailer for the washing machine.

(iii) the amount of tax (under GST) paid by the wholesaler to the Central Government.

(iv) the amount of tax (under GST) received by the Central Government.