Podcast
Questions and Answers
If the GST rate on a product is 22%, what are the CGST and SGST rates?
If the GST rate on a product is 22%, what are the CGST and SGST rates?
- CGST: 11%, SGST: 22%
- CGST: 22%, SGST: 0%
- CGST: 11%, SGST: 11% (correct)
- CGST: 22%, SGST: 22%
If the CGST on a product is 14%, what is the GST rate?
If the CGST on a product is 14%, what is the GST rate?
- 7%
- 28% (correct)
- 14%
- 21%
A shopkeeper sells an item with a taxable value of ₹ 1200. If the GST rate is 15%, what is the GST amount?
A shopkeeper sells an item with a taxable value of ₹ 1200. If the GST rate is 15%, what is the GST amount?
- ₹ 90
- ₹ 180 (correct)
- ₹ 210
- ₹ 150
An item has a taxable value of ₹ 800, and the GST rate is 12%. What is the final price a customer has to pay, including GST?
An item has a taxable value of ₹ 800, and the GST rate is 12%. What is the final price a customer has to pay, including GST?
Two items are purchased, each with a price of ₹ 1500. If the GST rate is 8%, what is the total GST amount for both items?
Two items are purchased, each with a price of ₹ 1500. If the GST rate is 8%, what is the total GST amount for both items?
A retailer buys goods with a taxable value of ₹ 4000. If the GST rate is 5%, what is the total amount including GST that the retailer pays?
A retailer buys goods with a taxable value of ₹ 4000. If the GST rate is 5%, what is the total amount including GST that the retailer pays?
An article has a taxable value of ₹ 900 and a GST rate of 28%. What are the CGST and SGST amounts?
An article has a taxable value of ₹ 900 and a GST rate of 28%. What are the CGST and SGST amounts?
If a product's CGST is ₹ 56, and its SGST is ₹ 56, what is the total GST amount?
If a product's CGST is ₹ 56, and its SGST is ₹ 56, what is the total GST amount?
A company sells goods with a taxable value of ₹ 7500. The GST rate is 18%. What is the total invoice value including GST?
A company sells goods with a taxable value of ₹ 7500. The GST rate is 18%. What is the total invoice value including GST?
If the total GST collected on a sale is ₹ 630, what is the amount of CGST collected?
If the total GST collected on a sale is ₹ 630, what is the amount of CGST collected?
A product is sold for ₹ 2360 inclusive of GST. If the GST rate is 18%, what was the original taxable value of the product?
A product is sold for ₹ 2360 inclusive of GST. If the GST rate is 18%, what was the original taxable value of the product?
A retailer purchases an item for ₹ 1000 excluding GST. If the GST rate is 12% and he sells it for ₹ 1500 excluding GST, how much Input Tax Credit (ITC) can he claim?
A retailer purchases an item for ₹ 1000 excluding GST. If the GST rate is 12% and he sells it for ₹ 1500 excluding GST, how much Input Tax Credit (ITC) can he claim?
An item's price, inclusive of 5% GST, is ₹ 525. What would be the price of the item if the GST was increased to 12%?
An item's price, inclusive of 5% GST, is ₹ 525. What would be the price of the item if the GST was increased to 12%?
A shop sells a product with a taxable value of ₹ 2000. The CGST is 9% and the SGST is 9%. What is the total amount the buyer will pay?
A shop sells a product with a taxable value of ₹ 2000. The CGST is 9% and the SGST is 9%. What is the total amount the buyer will pay?
Which element is excluded from the taxable value when determining GST?
Which element is excluded from the taxable value when determining GST?
If the taxable value of an item is ₹ 600, and the final price after including GST is ₹ 672, what is the GST rate?
If the taxable value of an item is ₹ 600, and the final price after including GST is ₹ 672, what is the GST rate?
A distributor sells items worth ₹ 10,000 to a retailer. The GST rate is 28%. Determine the CGST amount remitted to the central government.
A distributor sells items worth ₹ 10,000 to a retailer. The GST rate is 28%. Determine the CGST amount remitted to the central government.
The total cost of a service inclusive of GST at 18% is ₹ 5900. What was the cost of the service before GST was applied?
The total cost of a service inclusive of GST at 18% is ₹ 5900. What was the cost of the service before GST was applied?
If a retailer purchases goods for ₹ 2500 plus GST at 5%, and sells them for ₹ 3500 plus GST at 12%, what is the net GST payable by the retailer?
If a retailer purchases goods for ₹ 2500 plus GST at 5%, and sells them for ₹ 3500 plus GST at 12%, what is the net GST payable by the retailer?
Flashcards
What is GST?
What is GST?
Tax levied on the supply of goods and services.
What is CGST?
What is CGST?
Central Goods and Services Tax, collected by the central government.
What is SGST?
What is SGST?
State Goods and Services Tax, collected by the state government.
How to calculate CGST from GST?
How to calculate CGST from GST?
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What is the final price with GST?
What is the final price with GST?
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What is taxable value?
What is taxable value?
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How to calculate GST amount?
How to calculate GST amount?
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Calculating GST from CGST?
Calculating GST from CGST?
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Study Notes
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