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When trader collects GST at the time of ...

When trader collects GST at the time of sale, it is called…………a)CGST b)Output tax c)Input tax SGST

A

CGST

B

Output Max

C

Input Max

D

SGST

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A wholesaler purchased electric goods for the taxable amount of ₹1,50,000. He sold it to the retailer for the taxable amount of ₹1,80,000. Retailer sold it to customer for ₹2,20,000. Rate of GST is 18%. Show the computation of GST in tax invoices of sales. Also find the payable CGST and payable SGST for wholesaler and retailer.

For the given trading prepare the tax invoice I, II, III. GST at the rate of 5% was charged for the article supplied (a) Prepare the statement of GST payable under each head by the wholesaler, distributor and retailer at the time of filling the return to the government. (b) What is the amount paid by the consumer.

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CHETANA PUBLICATION-Financial Planning-EXERCISE
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  2. If FV < MV, the share is at…………a)Discount b)Par c)Premium D)None of th...

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  3. When trader collects GST at the time of sale, it is called…………a)CGST b...

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  4. Sony Electronics sold a computer set to a customer. The rate of GST on...

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  5. The taxable price of a Nokia mobile is ₹11,000.The rate of CGST is 6%....

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  6. On an article CGST is 2.5%, then what is the rate of SGST and GST?

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  7. The total cost of a perfume bottle including GST is ₹590.The rate of G...

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  8. Sadhana Electronics sold a dish washer to a customer. The total cost p...

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  9. Disha Purchased an A.C. Unit from a dealer. The printed price of an A....

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  10. A courier company delivered a parcel from Mumbai to Pune. The customer...

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  11. Disha purchased some beauty products and paid GST of ₹1500. She sold a...

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  12. M/s Shridhar Chemicals purchased washing powder for ₹10,000 taxable am...

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  13. A T.V manufacturer sold a T.V to wholesaler for taxable price of ₹10,5...

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  14. From the given information,prepare the tax invoice for business to bus...

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  15. From the infromation,prepare the tax invoice for business to customer(...

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  16. Mr.Gokhale invested ₹22,500 in shares of face value ₹100 at market val...

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  17. A share of the value ₹100 was purchased for ₹175. The company declared...

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  18. Mrs. Parekh invested an equal amount in two companies by purchasing eq...

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  19. If 500 shares of face value ₹100 were sold at ₹50 premium,then how muc...

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  20. A sum of ₹75,000 invested in shares of face value ₹100 at ₹125 market ...

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