Maharashtra Board Solutions for Chapter: Financial Planning, Exercise 2: Practice Set

Author:Maharashtra Board

Maharashtra Board Mathematics Solutions for Exercise - Maharashtra Board Solutions for Chapter: Financial Planning, Exercise 2: Practice Set

Attempt the practice questions on Chapter 4: Financial Planning, Exercise 2: Practice Set with hints and solutions to strengthen your understanding. Algebra Standard X solutions are prepared by Experienced Embibe Experts.

Questions from Maharashtra Board Solutions for Chapter: Financial Planning, Exercise 2: Practice Set with Hints & Solutions

EASY
10th Maharashtra Board
IMPORTANT

'Chetana Store' paid total GST of  1,00,500 at the time of purchase and collected GST  1,22,500 at the time of sale during 1st of July 2017 to 31st  July 2017. Find the GST payable by Chetana Stores.

HARD
10th Maharashtra Board
IMPORTANT

Nazama is a proprietor of a firm, registered under GST. She has paid GST of 12,500 on purchase and
collected14,750  on sale. What is the amount of GST payable?

HARD
10th Maharashtra Board
IMPORTANT

Amir Enterprise purchased chocolate sauce bottles and paid GST of Rs 3800. He sold those bottles to Akbari Bros and collected GST of Rs 4100. Mayank Food Corner purchased these bottles from Akabari Bros and paid GST of Rs 4500. Find the amount of GST payable at every stage of trading and hence find payable CGST and SGST.

HARD
10th Maharashtra Board
IMPORTANT

Malik Gas Agency (Chandigarh Union Territory) purchased some gas cylinders for industrial use for Rs 24,500 and sold them to the local customers for Rs 26,500. Find the GST to be paid at the rate of  5% and hence the CGST and UTGST to be paid for this transaction. (for Union Territories there is UTGST instead of SGST)

MEDIUM
10th Maharashtra Board
IMPORTANT

Beauty Products paid 18% GST on cosmetics worth 6000 and sold to a customer for 10,000. What are the amounts of CGST and SGST shown in the tax invoice issued?

HARD
10th Maharashtra Board
IMPORTANT

Prepare Business to Consumer (B2C) tax invoice using given information.
Write the name of the supplier, address, state, Date, invoice number, GSTIN etc. as per your
choice. Supplier :- - - Address- - - - State - - - - - Date - - - -
Invoice No. - - - - GSTIN - - - - - - - -
Particulars - Rate of Mobile Battery - ₹ 200 Rate of GST 12\% HSN 8507, 1 pc.
Rate of Headphone -  750 Rate of GST 18% HSN 8518,1 pc.

MEDIUM
10th Maharashtra Board
IMPORTANT

Prepare Business to Business (B2B) Tax Invoice as per the details given below
name of the supplier, address, Date etc. as per your choice.
Supplier - Name, Address, State, GSTIN, Invoice No., Date Recipient - Name, Address, State, GSTIN, Items:
 Pencil boxes 100, HSN - 3924,   Rate -20,   GST12%
 Jigsaw Puzzles 50, HSN 9503, Rate - 100 GST 12%