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Malik Gas Agency (Chandigarh Union Terri...

Malik Gas Agency (Chandigarh Union Territory) purchased some gas cylinders for industrial use for ₹24,500 and sold them to the local customers for ₹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).

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

Star Pharma purchased some chemicals for ₹8,000 taxable value and sold it to the M/s. Pooja Chemicals for ₹10,000 taxable value. Rate of GST is 18%. Find the amount of CGST and SGST to be paid by Star Pharma.

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M/s Shridhar Chemicals purchased washing powder for ₹10,000 taxable amount. They sold it to a shopkeeper for ₹12,000 taxable amount. The rate of GST is 18%, then find the CGST and SGST to be paid by M/s Shridhar Chemicals.

Disha purchased some beauty products and paid GST of ₹1500. She sold all the beauty products to one customer and collected GST of ₹1700. Find the CGST and SGST to be paid.

Arati Gas Agency supplied LPG cylinder to the consumer for taxable value of 545. GST charged is 5%. What is the amount of CGST and SGST in the tax invoice? What is the total amount paid by the consumer? Find the amount of GST to be paid by Arati Gas Agency.

A T.V manufacturer sold a T.V to wholesaler for taxable price of ₹10,500. The wholeseller sold it to retailer at ₹12,000 taxable price and retailer sold it to customer at ₹14,500 taxable price. The rate of GST is 18%, then find the CGST and SGST applicable at every transaction.

M/s X electronicspurchased a mobile having some taxable value and sold it to a customer for Rs 10,000(taxable value). The rate of GST is 12% .M/s X electronics paid SGST of Rs 60 . What is the purchase price of the mobile for M/s X electronics?

CHETANA PUBLICATION-Financial Planning-EXERCISE
  1. Malik Gas Agency (Chandigarh Union Territory) purchased some gas cylin...

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  2. Alka spends 90% of the salary she receives every month.Her monthly sal...

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  3. Mr.Shaikh invested ₹40,000 in a business.At the end of the year,he rec...

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  4. Answer the following questions: State two methods of concentration of...

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  5. If financial year is 2017-2018 then which year is considered as Assess...

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  6. Answer the following questions based on PAN:(a)Write the full form of ...

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  7. Answer the following questions based on PAN:(b)How many alphanumeric n...

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  8. Answer the following questions based on PAN:(c)Write any one use of PA...

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  9. Radha spents 90% of her income and donates 3% for socially useful caus...

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  10. Deepak invested ₹3,70,000 at 5.5% simple interest in a bank.What amoun...

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  11. Mrs.Reshma Joshi invested ₹1,20,000 in a fixed deposit and in shares i...

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  12. Rate of GST (%) on essential commodities is………a)0.05 b)0.12 c)0 d)0.18

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  13. The tax levied by the central government for trading within state is……...

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  14. GST system was introduced in our country from…………..a)31st March 2017 b...

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  15. The rate of GST on stainless steel utensils is 18%, then the rate of S...

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  16. In the format of GSTIN there are ………….alpha-numerals. a)10 b)16 c)9 d)...

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  17. The business between two GSTIN businessmen is known as…………a)BB b)BC c)...

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  18. If the face value of a share is ₹100 and Market value is ₹75,Then whic...

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  19. What is the amount of dividend received per share of face value ₹10 an...

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  20. The NAV of a unit in mutual fund scheme is ₹10.65 then find the amount...

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  21. Rate of GST on brokerage is

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