Sales Tax/Value Added Tax/Goods and Services Tax

Author:Manipur Board
8th Manipur Board
IMPORTANT

Sales Tax/Value Added Tax/Goods and Services Tax: Overview

This topic states that Government charges sales tax on the sale of a product. The shopkeeper collects it from the customer and gives it to the government. Therefore, sales tax is always on the selling price of an item and added to the bill value.

Important Questions on Sales Tax/Value Added Tax/Goods and Services Tax

MEDIUM
IMPORTANT

I purchased a hair-dryer for 5400 including 8% VAT. If the price before VAT was added is k, find the value of k.

MEDIUM
IMPORTANT

An article was purchased for 1239 including GST of 18%. If the price of the article before GST was added is x, then find the value of x.

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IMPORTANT

The price of a TV is 13,000. The sales tax charged on it is at the rate of 12%. If the amount that Vinod will have to pay to buy it is k, then find the value of k.