Goods and Services Tax (GST)
Goods and Services Tax (GST): Overview
This topic helps us understand the basic meaning of goods and services tax (GST). It discusses important terms related to GST. It also helps us to learn different types of taxes used in GST. Further, it discusses the advantages and objectives of GST.
Important Questions on Goods and Services Tax (GST)
A washing machine dealer sells a washing machine to a customer in such a way that the discount becomes equal to the GST . If the marked price of washing machine is and the discount offered on it , what is the SGST being paid for the machine?

The rate of G.S.T on stainless steel utensils is , then the rate of Central G.S.T is _____.

A shopkeeper buys an article whose list price is from a wholesaler at a discount of . If the rate of is , find the price of the item inclusive of at which the shopkeeper bought it.

Arun goes to a shop to buy a table which costs (list price). The rate of is . He tells the shopkeeper to reduce the price to such an extent that he has to pay , inclusive of . Find the reduction needed in the price of the table .

A readymade garment shopkeeper gives discount on a dress of and charges GST on the remaining amount. If the purchase price of the dress for the customer is , find .

‘Pawan Medicals’ supplies medicines. On some medicines the rate of GST is .Find difference in the rate of CGST and SGST [in ].

In the format of GSTIN there are _____ alpha-numerals.

The list price of a computer is . The manufacturing company sells it to a dealer at a discount at . The dealer sells it to a consumer at a profit of . If the rate of tax (GST) on the computer is . Find the GST paid by the company.

Which country was first to implemented GST ?

Which of the following options correctly defines Goods and Services Tax.
