GOODS AND SERVICES TAX MATHEMATICS ICSE CLASS 10TH 2023-2034

CHAPTER 1
GOODS AND SERVICES TAX

QUESTION 6.
MOST IMPORTANT QUESTIONS 6. If a dealer in Jaipur (Rajasthan) supplies articles
to another dealer in Udaipur (Rajasthan) with a
rate of GST 18%, then the tax levied under IGST
is:
(a) 18% (b) 10%
MULTIPLE CHOICE QUESTIONS (c) 9% (d) Nil

QUESTION 1. QUESTION 7.
1. Intra-state means: 7. When goods and services are sold for `6,000
(a) Within a state under intra-state transaction from dealers A to
(b) Within two or more states customer B and the rate of GST is 12%, then the
(c) Within two or more organizations cost price, including tax, for the customer B is:
(d) None of these (a) `6,720 (b) `5,900
(c) `5,640 (d) `5,450
QUESTION 2.
2. If the goods are purchased by a dealer in Mumbai QUESTION 8.
from a dealer in Chennai, then the type of tax 8. If a dealer in Bhopal (MP) supplies goods worth
levied on it will be: `10,000 to another dealer in Jaipur (Rajasthan)
(a) SGST with a rate of GST 28%, then the tax levied under
(b) CGST CGST is:
(c) IGST (a) `2,800 (b) `1,400
(d) Both CGST and SGST (c) `2,000 (d) Nil

QUESTION 3. QUESTION 9.
3. In intra-state transaction, the GST collected from 9. If a dealer in Mumbai supplies goods worth
the buyer is deposited with the: `15,000 to another dealer in Chennai with a rate
(a) Central government of GST 18%, then the tax levied under IGST is:
(b) State government (a) `2,700 (b) `1,350
(c) Equally shared between central and state (c) `2,300 (d) Nil
governments QUESTION 10.
(d) Shared between central and state governments 10. If a dealer in Mumbai supplies goods worth
in 5 : 4 ratio `20,000 to another dealer in Nagpur with a rate
of GST 28%, then the tax levied under CGST is:
QUESTION 4.
4. The trader on each stage always pay GST to the (a) `5,600 (b) `1,400
Government on their: (c) `2,800 (d) Nil
(a) Selling price (b) Discount QUESTION 11.
(c) Profit (d) Cost price 11. Ramesh buys an article marked at `5,000 at a
discount of 15%, the rate of tax being 18%. What
QUESTION 5.
5. In intra-state transaction, if the rate of GST is the amount of GST paid by Ramesh for this
is 18%, then the share of central and state purchase ?
governments, respectively are: (a) `765 (b) `750
(a) 10%, 8% (b) 8%, 10% (c) `825 (d) `900
(c) 9%, 9% (d) 11%, 7%

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ICSE CLASS 10TH 2023-2034 MATHEMATICS CH 1 : GOODS AND SERVICES TAX

12. Raj Electricals gives a discount of 20% on the Discount Price a

listed price. The list price of a washing machine
is `20,000. The tax rate for it is 18%. The total GST 18%
amount a customer has to pay to purchase the CGST b
article is:
SGST c
(a) `22,600 (b) `17,000
(c) `18,880 (d) `25,600 IGST d
(a) a = `960, b = c = `86.40, d = 0
QUESTION 12.
13. A dealer in Bhopal supplies goods and services (b) a = `240, b = c = `21.60, d = `21.60
worth `10,000 to another dealer in Indore. If the (c) a = `960, b = c = `172.80, d = `21.60
rate of GST is 18%, then the tax levied under (d) a = `240, b = c = `43.20, d = 0
CGST, SGST and IGST, respectively are: QUESTION 18.
(a) `900, `900, Nil 19. An article is marked at `1,000. A dealer sells it
(b) Nil, Nil, `900 at 5% profit. If the rate of GST is 18%, then the
(c) `400, `500, `900 total amount paid by a consumer to buy it, is:
(d) `500, `400, Nil (a) `1,324 (b) `1,239
(c) `1,120 (d) `1,180
QUESTION 13.
14. A dealer in Rajasthan supplies goods and services QUESTION 19.
worth `16,000 to another dealer in Haryana. If 20. Rashi purchases an article for `5310 which
the rate of GST is 12%, then the tax levied under includes a discount of 10% on the marked price
CGST, SGST and IGST, respectively, are: and 18% GST on the selling price. The marked
(a) `1,120, `1,120, Nil price of the article is:
(b) Nil, Nil, `1,920 (a) `4,200 (b) `5,000
(c) `1,120, `1,120, `2,240 (c) `5,500 (d) `5,900
(d) `800, `640, `1,120
QUESTION 20.
QUESTION 14. 21. A shopkeeper buys an article, whose listed price is
15. Mahesh buys some goods worth `6,000 in the `10,000, at some discount from the wholesaler. He
same city. If the rate of GST is 5%, then the sells the article to a consumer at the listed price.
amount Mahesh has to pay to buy the goods is: If the sales are intra-state, the rate of GST is 18%
(a) `6,150 (b) `6,000 and the shopkeeper pays a tax of `180 to state
(c) `6,600 (d) `6,300 government, then the rate of discount at which he
bought the article is:
QUESTION 15.
16. Ankit bought two items worth `4500 and `2000 (a) 20% (b) 12%
at 20% and 10% discount respectively. If the rate (c) 11% (d) 15%
of GST is 18%, then the amount of bill for the QUESTION 21.
intra-state transaction is 22. The taxable value of a toy is `900. Rate of GST
(a) `6622 (b) `6372 is 18%. What is the price of the toy ?
(c) `6570 (d) `7000 (a) `1,100 (b) `1,062
(c) `981 (d) `1,900
QUESTION 16.
17. Ramawatar bought three items worth `400, QUESTION 22.
`500 and `700 at discounts 12%, 15% and 20% 23. A dealer buys goods worth `9000 from a market
respectively from a city shop. If the rate of GST within the state and sells to the neighbourhood
is 18% on all item, amount of bill is market for `7800. If the GST is 18%, then the
(a) `1,577.66 (b) `1,842.96 GST paid by the dealer to Central Government is:
(c) `1,661.44 (d) `1,605.98 (a) `90 (b) `108
(c) `150 (d) `216
QUESTION 17.
18. Fill in the missing entries for transaction within QUESTION 23.
the same city. 24. Rakhi buy goods worth `7,750 from a grocery
store. Since, she has a membership card, so she
Listed price `1,200
gets a discount of 15% on `5,000. If the GST
Discount 20%

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GOODS AND SERVICES TAX MATHEMATICS ICSE CLASS 10TH 2023-2034

charged is 18%, then the total amount she has to QUESTION 29.
pay for the goods is: 30. Let A, B, C be three traders in different states.
(a) `8,260 (b) `7,890 Trader A sells some goods to trader B for `10,000.
(c) `6,306 (d) `7,375 Trader B sells the same goods to trader C for
`12,000. If the rate of GST is 12%, what is the tax
QUESTION 24. liability of trader B ?
25. M/s Earth Electrical marked up the price of an
(a) `240 (b) `720
electrical equipment 20% above the cost price and
(c) `900 (d) `880
offers two successive discounts of 10% and 5% on
the marked price. If the rate of GST is 18% and QUESTION 30.
a consumer pays CGST of `9,234, then the cost 31. Assertion : A dealer in Punjab buys an article
price of the electrical equipment is: for `10,000 from a dealer in Bihar. The dealer in
(a) `97,875 (b) `50,000 Punjab then sell the same article for `12,000 to
(c) `100,000 (d) `60,500 a dealer in Lucknow. If the rate of GST is 12%,
then the price including GST paid by dealer in
QUESTION 25. Lucknow is `13,200.
26. Seema went to a shop to buy a sewing machines
Reason : Since the sales are inter-state at each
worth `10,080. The rate of GST is 12%. He asked
stage, so CGST and SGST will be charged.
the shopkeeper to reduce the price of washing
(a) Both assertion and reason are correct and
machine to an extent that she has to pay `10,080
reason is the correct explanation of assertion.
inclusive GST. What is the reduced price of the
(b) Both assertion and reason are correct but
machine ?
reason is not the correct explanation of
(a) `9,250 (b) `8,800
assertion.
(c) `9,000 (d) `8,500
(c) Assertion is correct but reason is incorrect.
QUESTION 26. (d) Assertion is incorrect but reason is correct.
27. The manufacturing cost of an item is `800. The
manufacturer marked up the price of his items by QUESTION 31.
32. Assertion : Leela buys an article from Ratna for
60% and then sell them at a discount of 10%. If a
`8800. If they both live in the same city and the
consumer buy 10 such items, then the GST paid
rate of GST is 12%, then the SGST paid by Leela
by him on the purchased is:
is `528.
(a) `348 (b) `1,169
Reason : This is intra-state transaction and in
(c) `576 (d) `1,425
case of intra-state transactions,
QUESTION 27. CGST = SGST = 12 GST.
28. A manufacturer sells an item to B at `16,000. B (a) Both assertion and reason are correct and
sells it to C and C sells it to end customer D. If reason is the correct explanation of assertion.
the rate of GST is 12% and profit at each stage (b) Both assertion and reason are correct but
of selling is `2,000, then the price including GST, reason is not the correct explanation of
paid by D is: assertion.
(a) `22,400 (b) `19,800 (c) Assertion is correct but reason is incorrect.
(c) `18,760 (d) `18,880 (d) Assertion is incorrect but reason is correct.
QUESTION 28.
29. RK Sharma purchased a electric bike from the
same city worth `30,000 for his son at a discount
of 20 %. Insurance premium cover of the bike is
10% of the discounted value. Accessories worth SUBJECTIVE QUESTIONS
`8,000 are purchased at 10% discount. Rate of QUESTION 32.
GST on the bike, insurance premium and the 33. Taxable value of a shirt is `850. Rate of GST is
accessories are 28%, 18% and 12% respectively. 12%. What is the price of the leather belt ?
What is the GST paid by Mr. Sharma to the QUESTION 33.
State Government? 34. Raj is proprietor of a firm registered under GST.
(a) `4,809 (b) `4,008 He has paid GST of `14250 on purchase and
(c) `9,480 (d) `11,212 collected `19500 on sale.
(i) What is the amount of ITC (Input Tax
Credit) to be claimed ?

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ICSE CLASS 10TH 2023-2034 MATHEMATICS CH 1 : GOODS AND SERVICES TAX

(ii) What is the amount of GST payable. QUESTION 43.

44. Total invoice value of a machine is `28,910. Rate
QUESTION 34. of GST is 12%. Find the taxable value, CGST
35. M/s Sunny Paints sold 4 tins of palm oils with
and SGST for this machine.
taxable value of each tin `3400. If the rate of GST
is 28%, then find the amount of CGST as well as QUESTION 44.
SGST charged in the tax invoice. 45. M/s Rocky Electronics purchased a motorcycle
for the taxable value of `92000. He sold it for
QUESTION 35. `98000. The rate of GST is 12%. Find the input
36. The taxable value of a leather belt is `900. Rate
tax credit (ITC) of Mr. Puneet Chopra. What is
of GST is 18%. What is the price of the leather
the amount of GST payable by him ?
belt ?
QUESTION 45.
QUESTION 36. 46. Gaurav buys goods worth `10,000 from his city
37. Amit is proprietor of a firm registered under
Chennai at a discount of 10% and sells it to a
GST. He has paid GST of `28500 on purchase
consumer in Jaipur at `12,000. If the rate of GST
and collected `39000 on sale. What is the amount
is 12%, then find the output IGST payable by
of ITC (Input Tax Credit) to be claimed ? What
Gaurav.
is the amount of GST payable.
QUESTION 46.
QUESTION 37. 47. Aarushi wants to buy a leather coat whose list
38. Manpreet Gas Agency in Union Territory
price is `17700. She tells the shopkepper to reduce
purchased some gas cylinder for industrial use for
the price to such an extent that she has to pay
`98000 and sold them to the local customer for
`17700, inclusive of GST. If the rate of GST is
`108000. Find the GST to be paid at the rate of
18%, find the reduction needed in the price of
5% and hence the CGST as well as UGST to be
the coat.
paid for this transaction.
QUESTION 47.
QUESTION 38. 48. Mrs. Pushpa sold shares of face value `100, when
39. Mr. Puneet Chopra purchased LED television for
the market value of each share was `90 and
the taxable value of `46000. He sold it for `49000.
received `26840.70. She paid brokerage 0.5% and
The rate of GST is 12%. Find the input tax credit
GST on brokerage 18%, how many shares did she
(ITC) of Mr. Puneet Chopra. What is the amount
sell ?
of GST payable by him ?
QUESTION 48.
QUESTION 39. 49. Ms. Chawla goes to a shop to buy a leather coat
40. M/s Sunny Paints sold 4 tins of lustre paint with
which costs < 1770 (list price). The rate of GST is
taxable value of each tin is `6800. If the rate of
18%. She tells the shopkeeper to reduce the price
GST is 28%, then find the amount of CGST as
to such an extent that she has to pay < 1770,
well as SGST charged in the tax invoice.
inclusive of GST. Find the reduction needed in
QUESTION 40. the price of the coat.
41. Total invoice value of a toy-car is `5192. Rate of
GST is 18%. Find the taxable value, CGST and QUESTION 49.
SGST for this car. 50. The price of a bicycle is < 6272 inclusive of tax
(under GST) at the rate of 12% on its listed price.
QUESTION 41. A buyer asks for a discount on the listed price so
42. Amarjit purchased a washing machine from that after charging GST, the selling price becomes
Rimpy Electronic Goods. The discount of 8% equal to the listed price. Find the amount of
was given on the printed price of `40000. Rate of discount which the seller has to allow for the deal.
GST charged was 28%. Find the purchase price of
washing machine. Also, find the amount of CGST QUESTION 50.
and SGST shown in the tax invoice. 51. Rohit buys a refrigerator whose marked price is
QUESTION 42. < 60000 from a dealer at a discount of 15%. If the
43. Mahesh wants to buy a small tool whose list price rate of GST is 18%, find
is `8850. He ask the shopkeeper to reduce the (i) GST paid by the Rohit for the purchase.
price to such an extent that he has to pay `8850, (ii) Total amount that the Rohit pays for the
inclusive of GST. If the rate of GST is 18%, find refrigerator.
the reduction needed in the price of the coat.

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GOODS AND SERVICES TAX MATHEMATICS ICSE CLASS 10TH 2023-2034

QUESTION 51. QUESTION 58.

52. A retailer buys a air-conditioner from wholesaler 59. Raman Electronics supplied an A.C. of 2 ton to
for < 40000 and sells it to a consumer at a profit a company. Cost of A.C. supplied including GST
of 8%. If the rate of GST is 28%, calculate the tax is `57600. Rate of GST on an A.C. is 28%. Find
liability of the retailer. the following :
(i) Rate of CGST and SGST
QUESTION 52. (ii) Total amount of GST and Taxable value of
53. A manufacturer buys raw material worth < 8000, A.C.
paying GST at the rate of 5%. He sells the finished (iii) Amount of CGST and SGST
product to a shopkeeper at a profit of 30%. If the
rate of GST for the finished product is 12%, find QUESTION 59.
60. M/s Ramesh Store has marked `7840 as the
the tax liability of the manufacturer.
price of a hand tool including 12% GST on listed
QUESTION 53. price. A buyer asks for a discount on the marked
54. A shopkeeper has marked `15680 as the price price so that after charging GST, the selling price
of an article excluding 12% GST. A buyer asks becomes equal to the marked price. Find the
for a discount on the marked price so that after amount discount the Ramesh Store has to offer
charging GST, the selling price becomes equal to for the deal.
the marked price. Find the amount of discount
QUESTION 60.
the shopkeeper has to offer for the deal. 61. A shopkeeper purchased an article from a
QUESTION 54. wholesaler at a certain price but he sells it to a
55. A shopkeeper purchased an article from a customer at the listed price of `1500. If the sales
wholesaler at a certain price but he sells it to a are intra-state, the rate of GST is 18% and the
customer at the listed price of `3000. If the sales shopkeeper pays `27 as CGST, find the amount
are intra-state, the rate of GST is 18% and the inclusive of tax at which the shopkeeper purchased
shopkeeper pays `54 as CGST, find the amount the article from the wholesaler.
inclusive of tax at which the shopkeeper purchased
QUESTION 61.
the article from the wholesaler. 62. A dealer supplied Walky - Talky set of `70800
QUESTION 55. (with GST) to police control room. Rate of GST
56. Niharika Food Corner purchased chocolate is 18%. Find the amount of State and Central
sauce bottles and paid GST of `10,400. She GST charged by the dealer. Also, find the taxable
sold those bottles to Mittal Bros. and collected value of the Set.
GST of `11,000. Aman Food Corner purchased
QUESTION 62.
these bottles from Mittal Bros. and paid GST 63. The marked price of an article is < 7000. A dealer
of `11,800. Find the amount of GST payable at in Delhi sells the article to a consumer in the
every stage of trading and hence find the payable same city at a profit of 10%. If the rate of GST
SGST and CGST. is 12%, find
QUESTION 56. (i) IGST, CGST and SGST paid by the dealer to
57. A dealer has given 20% discount on a showpiece the Central and State Governments.
of `60000. GST of 28% was charged on the (ii) The amount which the consumer pays for the
discounted price. Find the total amount shown article.
in the tax invoice. What is the amount of CGST
QUESTION 63.
and SGST ? 64. Manufacturer A sells a washing machine to a
QUESTION 57. dealer B for < 25000. The dealer B sells it to a
58. A wholesaler purchased fancy lights for the taxable consumer at a profit of < 3000. If the sales are
amount of `380000. He sold it to the retailer for intra-state and the rate of GST is 12%, find
the taxable amount of `420000. Retailer sold it to (i) GST paid by the dealer B to the Central
the customer for the taxable amount of `440000. Government.
Rate of GST is 24%. Show the computation (ii) GST received by the State Government.
of GST in tax invoices of sales. Also, find the (ii) Amount that the consumer pays for the
payable CGST and payable SGST for wholesaler machine.
and retailer.

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ICSE CLASS 10TH 2023-2034 MATHEMATICS CH 1 : GOODS AND SERVICES TAX

QUESTION 64. QUESTION 68.

65. A shopkeeper buys an article whose printed price 69. A dealer in U.P. buys an article for < 60000
is < 2000 from a wholesaler at a discount of 20% from a wholesaler in U.P. He sells the article to a
and sells it to a consumer at the printed price. If consumer in Gujarat at a profit of 8%. If the rate
the sales are intra-state and the rate of GST is of GST is 12%, find
12% find (i) GST paid by the wholesaler to Government.
(i) The price of the article inclusive of GST at (ii) GST paid by the dealer to the Governments.
which the shopkeeper bought it. (iii) Amount which the consumer pays for the
(ii) GST paid by the shopkeeper to the State product.
Government.
(iii) GST received by the Central Government. QUESTION 69.
(iv) Amount which the consumer pays for the 70. A shopkeeper in Rajasthan buys an article at
article. the printed price of < 20000 from a wholesaler
in Delhi. The shopkeeper sells the article to a
QUESTION 65. consumer in Rajasthan at a profit of 25% on the
66. The printed price of an air-conditioner (AC) is basic cost price. If the rate of GST is 18%, find
< 90000. The wholesaler allows a discount of 10% (i) The price of the article inclusive of GST at
to a dealer. The dealer sells the air-conditioner to which the shopkeeper bought it.
a consumer at a discount of 4% on the marked (ii) The amount of GST paid by the shopkeeper
price. If the sales are intra-state and rate of GST to Government.
is 18% find : (iii) GST received by Delhi Government.
(i) GST paid by the dealer to Central and State (iv) GST received by Central Government.
Governments. (v) The amount which the consumer pays for the
(ii) GST received by Central and State article.
Governments.
(iii) Total amount (inclusive of GST) paid by the QUESTION 70.
consumer for the air-conditioner. 71. A shopkeeper sells an article at the listed price
of < 3000. The rate of GST on the article is 18%.
QUESTION 66. If the sales are intra-state and the shopkeeper
67. A retailer buys a TV from a manufacturer for pays a tax (under GST) of < 54 to the Central
< 50000. He marks the price of the TV 20% above Government, find the amount inclusive of tax at
his cost price and sells it to a consumer at 10% which the shopkeeper purchased the article from
discount on the marked price. If the sales are the wholesaler.
intra-state and rate of GST is 12%, find :
(i) Marked price of the TV. QUESTION 71.
(ii) Consumer’s cost price of TV inclusive of GST 72. Akash (in Bihar) buys an article for < 40000. He
(iii) GST paid by the retailer to the Central and sells it to Sanjeev (in Bihar) at a profit of 10%.
State Government. Sanjeev sells the article to Rehman (in Odisha) at
a profit of 15%. If the rate of GST on the article
QUESTION 67. is 18%, find the tax (under GST) paid by Sanjeev
68. The printed price of a carpet is < 5000. A to the Government.
wholesaler in West Bengal buys the carpet from
QUESTION 72.
a manufacturer in Maharashtra at a discount of 73. A shopkeeper buys an article whose list price is
12% on the printed price. The wholesaler sells the < 9000 at some rate of discount from a wholesaler.
carpet to a retailer in Bihar at 32% above the He sells the article to a consumer at the list price
marked price. If the rate of GST on the carpet is and charges GST at the rate of 12%. If the sales
5%, find : are intra-state and the shopkeeper has to pay tax
(i) The price inclusive of GST at which the (under GST) of < 54, to the State Government,
wholesaler bought the carpet. find the rate of discount at which he bought the
(ii) The price inclusive of GST at which the article from the wholesaler.
retailer bought the carpet.
(iii) GST paid by the wholesaler to the QUESTION 73.
Government. 74. A shopkeeper in Haryana buys an article from a
(iv) GST received by the Central Government. wholesaler in Delhi at printed price of `60,000,
The shopkeeper in Haryana sells the article to a
PAGE 6 MOST IMPORTANT AND EXAM QUESTION CHAP 1
GOODS AND SERVICES TAX MATHEMATICS ICSE CLASS 10TH 2023-2034

consumer in Haryana at a profit of 20% on the QUESTION 78.

basic cost price. If the rate of GST is 18%, find 79. A retailer buys a luxury wrist watch from a
(i) the amount paid by the shopkeeper to the manufacturer at the listed price of `500000. He
wholesaler, marks the price of the watch 20% above the listed
(ii) the GST paid by the shopkeeper to the price and sells it to a customer at 10% discount
wholesaler. on the marked price. If the sales are intra-state
(iii) the amount paid by the consumer. and the rate of GST is 18%, find :
(i) Marked price of the watch.
QUESTION 74. (ii) Customer’s cost price of the watch i.e. the
75. A manufacturer sells a refrigerator to a dealer
amount paid by the customer to the retailer.
for `90000. The dealer sells it to a customer at a
(iii) GST paid by the manufacturer.
profit of `9200. If the sales are intra-state and the
(iv) GST paid by the retailer.
rate of GST is 12 %, find the amount
(v) GST paid by the customer.
(i) of GST paid by the dealer to the state and
central governments. QUESTION 79.
(ii) of total GST received by the state and central 80. The marked price of an article is `30000. The
governments. manufacturer allows a discount of 25% to a dealer
(iii) paid by the customer to the dealer. P . The dealer P sells the article to another dealer
Q at a discount of 12% on the marked price. The
QUESTION 75. dealer Q sells it to the consumer at 5% above the
76. A retailer buys T.V. a set for 80000 from a whole-
marked price, If all the sales are intra-state and
seller at a discount of 20% on the printed price
the rate of GST is 18%, find
and sells it to a consumer at the printed price. If
(i) the price of the article inclusive of GST paid
the sales are intra-state and the rate of GST is
by the dealer P .
12%, find
(ii) the price of the article inclusive of GST paid
(i) the price, including GST, at which T.V. set
by the dealer Q .
was bought by the retailer.
(iii) the amount paid by the consumer for the
(ii) the price at which the consumer bought the
article.
T.V. set.
(iv) CGST paid by the dealer P .
(iii) the GST paid by the retailer.
(v) SGST paid by the dealer Q .
(iv) the GSTpaid by the consumer.
QUESTION 80.
QUESTION 76. 81. A dealer in Rajasthan buys an article from a
77. An air conditioner manufacturer allows a discount
manufacturer in M.P. at discount of 12% whose
of 10% on marked price to dealer and the dealer
marked price is `500000. The dealer sells the
sells the air conditioner to a consumer at a
article to a retailer in Haryana at a price 32%
discount of 4% on marked price. If the marked
above the marked price. If the rate of GST is 5%,
price is `40000 and the sales are intra-state sales
find
with GST at 18%. Find :
(i) the amount paid by the dealer to buy the
(i) the total amount paid by the consumer to the
article
dealer.
(ii) the IGST paid by the dealer to the central
(ii) the GST paid by the consumer to the dealer.
government.
(iii) the GST paid by the dealer to the central and
(iii) the price at which the retailer bought the
state governments.
article.
(iv) the GST paid by the manufacturer to the
(iv) the IGST paid by the retailer.
central and state governments.
(v) the IGST received by the central government.
QUESTION 77.
78. The catalogue price of an article is `50000. The QUESTION 81.
82. A shopkeeper in Haryana buys an article from
dealer allows two successive discounts of 15% and
a wholesaler in Delhi at printed price of `45000,
10%. He further allows an off-season of 10% on
The shopkeeper in Haryana sells the article to a
the balance. If the sales are intra-state and the
consumer in Haryana at a profit of 20% on the
rate of GST is 12%, find
basic cost price. If the rate of GST is 18%, find
(i) the GST amount the customer has to pay.
(i) the amount paid by the shopkeeper to the
(ii) the total price that the customer has to pay
wholesaler,
for the article.
(ii) the GST paid by the shopkeeper to the

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ICSE CLASS 10TH 2023-2034 MATHEMATICS CH 1 : GOODS AND SERVICES TAX

wholesaler. QUESTION 85.

(iii) the amount paid by the consumer. 86. A retailer buy an machine from a wholesaler for
`50,000. He marks the price of the machine 10%
QUESTION 82. above his cost price and sells it to a consumer at
83. Let P, Q and R be the three dealers in a GST chain.
5% discount on the marked price. If the sales are
P buys a machine for `10,000 and sells it to Q at a
infra-state and rate of GST is 18%, then answer
profit of `2,000. Q then sell the same machine to
the following questions:
R for `15,000. The rate of GST, at every stage, is
(i) What is the marked price of the machine ?
18%. Answer the following questions:
(ii) What is the cost price of machine for the
(i) What is the input tax credit for dealer P ?
consumer ?
(ii) What is the net tax liability of dealer Q ?
(iii) What is the amount of tax paid by the
(iii) What is the input tax credit for dealer R ?
wholesaler to state government ?
(iv) What is the total price including GST, for the
(iv) What is the net tax paid by the retailer ?
dealer R?
(v) What is the amount of tax received by the
(v) What is the Output tax payable by dealer R
central government ?
is:
QUESTION 83.
84. A manufacturer of machine listed the price
at `20,000 per machine. He allowed a discount
of 20% to a wholesaler who, in turn, allowed a
discount of 10% on the listed price to a retailer.
The retailer sells machine to consumers at 5%
discount on the listed price. If the sales are intra-
state and the rate of CGST is 6 %. Answer the
following questions:
(i) What is the price of machine, including GST,
paid by the retailer ?:
(ii) What is the amount paid by a consumer to
buy a machine ?
(iii) What is the net tax liability of the wholesaler
to the state government for the machine?
(iv) What is the net tax paid by the retailer to the
Central Government?
(v) What is the total tax received by the Central
Government ?
QUESTION 84.
85. A manufacturer buys raw material worth `24,000
for his machine @ 5% GST. He sell the finished
machine to a dealer at 50% profit. If the sale is
intra-state and the rate of GST on the finished
product is 18%, then answer the following:
(i) What is the input tax paid by the manufacturer
?
(ii) What is the output tax collected by the
manufacturer?
(iii) What is the net tax paid by the manufacturer
to the state and central governments ?
(iv) What is the amount paid by the dealer for the
finished machine?
(v) If the dealer sell the finished machine for
`40,000 to a consumer with rate of GST 18%,
what is the amount paid by the consumer for
this purchase ?

PAGE 8 MOST IMPORTANT AND EXAM QUESTION CHAP 1