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Given below are the cost of some financi...

Given below are the cost of some financial services in the same city taxable under GST.
Cost of services : Rs. 500, Rs. 300 . If the rate of GST is `12%` find the amount of GST on these services.

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To find the amount of GST on the given financial services, we will follow these steps: ### Step 1: Identify the costs of the services The costs of the services provided are: - Service 1: Rs. 500 - Service 2: Rs. 300 ### Step 2: Determine the GST rate The GST rate is given as 12%. This can be expressed as a fraction: \[ \text{GST Rate} = \frac{12}{100} \] ### Step 3: Calculate GST for the first service (Rs. 500) To find the GST on the first service, we will calculate 12% of Rs. 500: \[ \text{GST on Rs. 500} = \frac{12}{100} \times 500 \] Calculating this: \[ = \frac{12 \times 500}{100} = \frac{6000}{100} = 60 \text{ Rs.} \] ### Step 4: Calculate GST for the second service (Rs. 300) Next, we will calculate the GST on the second service, which costs Rs. 300: \[ \text{GST on Rs. 300} = \frac{12}{100} \times 300 \] Calculating this: \[ = \frac{12 \times 300}{100} = \frac{3600}{100} = 36 \text{ Rs.} \] ### Step 5: Summarize the results The total GST amounts for the services are: - GST on Rs. 500: Rs. 60 - GST on Rs. 300: Rs. 36 ### Final Answer - Total GST on both services = Rs. 60 + Rs. 36 = Rs. 96 ---
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ICSE-GST [GOODS AND SERVICES TAX] -Exercise 1(B)
  1. Given below are the cost of some financial services in the same city t...

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  2. Fill in the blanks : When the goods/services are sold for Rs. 15,000...

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  3. Goods/services are sold from Agra (U.P.) to Kanpur (U.P.) for Rs. 20,0...

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  4. Goods/services are sold from Agra (U.P.) to Kanpur (U.P.) for Rs. 20,0...

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  5. Goods/services are sold from Kota (Rajasthan) to Mumbai for Rs. 20,000...

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  6. A is a dealer in Banaras (UP). He supplies goods/services worth Rs. 8,...

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  7. A is a dealer in Meerut (UP). He supplies goods/services, worth Rs. 15...

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  8. A is a dealer in Meerut (UP). He supplies goods/services, worth Rs. 15...

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  9. A dealer X in Hapur (UP) supplies goods/services, worth Rs. 50,000 to ...

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  10. A dealer X in Hapur (UP) supplies goods/services, worth Rs. 50,000 to ...

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  11. Consultancy services, worth Rs. 50,000 are transferred from Delhi to C...

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  12. Consultancy services, worth Rs. 50,000 are transferred from Delhi to C...

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  13. Consultancy services, worth Rs. 50,000 are transferred from Delhi to C...

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  14. For a dealer A, the list price of an article is Rs. 9,000. which he se...

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  15. The marked price of an article is Rs. 6,000. A wholesaler sells it to ...

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  16. A is a manufacturer fo T.V. sets in Delhi. He manufactures a particula...

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  17. For a trader, marked price of a refigerator = Rs. 15,680 exclusive GST...

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