GST, VAT and Sales Tax - Class XII

Practice questions on GST, VAT, and sales tax calculations including tax rates, invoices, ITC, and various transaction scenarios for Class XII students

82 Questions Published

Questions

Question 1 Multiple Choice (Single Answer)

The rate of $GST$ on stainless steel is $18% $ of which the share of a state government is

  1. $18%$
  2. $9%$
  3. $36%$
  4. None of these
Question 2 Multiple Choice (Single Answer)

The rate of GST on stainless steel utensils is $18$%, then the rate of State GST is

  1. $18$%
  2. $9$%
  3. $36$%
  4. $0.9$%
Question 3 Multiple Choice (Single Answer)

Shop Inspection as part of a Registration in GST will be:

  1. A Pre-Condition for giving approval for a Registration Application
  2. Shop Inspection after the issuance of the GSTIN in all cases
  3. Only at the business place of those dealers which comes under the Risk Parameters of the concerned GST Officials or Risk Profile given by GSTN Common Portal
  4. No Shop Inspection at all
Question 4 Multiple Choice (Single Answer)

Rate of GST on brokerage is .....

  1. $5$%
  2. $12$%
  3. $18$%
  4. $28$%
Question 5 Multiple Choice (Single Answer)

'Tiptop Electronics' supplied an $AC$ of $1.5$ ton to a company. Cost of the $AC$ supplied is $Rs.\ 51,200$ (with $GST$). Rate of $CGST$ on $AC$ is $14%$. Then find the following amounts as shown in the tax invoice of Tiptop Electronics.

  1. Rate of $SGST$
  2. Rate of $GST$ on $AC$
  3. Taxable value of $AC$
  4. Total amount of $GST$
  5. Amount of $CGST$
  6. Amount of $SGST$
Question 6 Multiple Choice (Single Answer)

Which of the following tax is not subsumed in GST?

  1. Stamp duty
  2. VAT
  3. Entertainment TAX
  4. Exercise Duty
Question 7 Multiple Choice (Single Answer)

A shopkeeper sold a bicycle to a customer for  $Rs. 10304$ including GST. The rate of GST was $12%$. Find SGST payable to him.

  1. $Rs. 1104$
  2. $Rs. 552$
  3. $Rs. 1210$
  4. $Rs. 605$
Question 8 Multiple Choice (Single Answer)

Choose the correct answer and write the alphabet of it :
In the format of GSTIN there are _____ alpha numerals.

  1. $15$
  2. $10$
  3. $16$
  4. $9$
Question 9 Multiple Choice (Single Answer)

The cost of an article is $Rs 6,000$ to a distributor.He sells it to trader at Rs $7,500$ and the trader sells it to customer for $ Rs 8,000$. If the VAT rate is $12.5 %$; find the VAT paid by trader.

  1. $10$
  2. <span>$68.50$</span>
  3. <span>$52.50$</span>
  4. $62.50$
Question 10 Multiple Choice (Single Answer)

A shop keeper sells an article at its list price $Rs \ 3,000$ and charges sale tax at the rate of $12 %$. If the VAT paid by the shopkeeper is $Rs \ 72$ , at what price did the shopkeeper buys the article inclusive of sales tax?

  1. $2,688$
  2. <span>$2,600$</span>
  3. $2,500$
  4. None of these
Question 11 Multiple Choice (Single Answer)

Gauri went to the stationers and bought things worth Rs.25, out of which 30 paise went on sales tax on taxable purchases. If the tax rate was 6 %, then what was the cost of the tax-free items?

  1. Rs. 15
  2. Rs. 15.70
  3. Rs. 19.70
  4. Rs . 20
Question 12 Multiple Choice (Single Answer)

Sarita purchases biscuits costing Rs. 158 on which the rate of Sales Tax is 6%. She also purchases some cosmetic goods costing Rs. 354 on which the rate of Sales Tax is 9%. Find the total amount to be paid by Sarita.

  1. <span>$Rs. 553.34$</span>
  2. <span>$Rs.53.34$</span>
  3. <span>$Rs. 653.34$</span>
  4. None of these
Question 13 Multiple Choice (Single Answer)

Hamid purchases some articles costing Rs. 5,460. The shopkeeper charged Sales Tax at 8%. As Hamid wanted to take the articles purchases outside the State, the shopkeeper charged 3% as Central Sales Tax on the actual price of the articles. Find the total amount Hamid had to pay for the articles.

  1. <span>$Rs. 6,060.60$</span>
  2. <span>$Rs.4,060.60$</span>
  3. <span>$Rs. 5,060.60$</span>
  4. None of these
Question 14 Multiple Choice (Single Answer)

When the rate of sale-tax is decreased from 9% to 6% for a coloured T.V.; Mrs. Geeta will save Rs. 780 in buying this T.V. Find the list price of the T.V.

  1. <span>$Rs. 26,000$</span>
  2. <span>$Rs. 25,000$</span>
  3. <span>$Rs. 30,000$</span>
  4. None of these
Question 15 Multiple Choice (Single Answer)

An article is marked at Rs. 4,500 and the rate of sales-tax on it is 6%. A trader buys this article at some discount and sells it to a customer at the marked price. If the trader pays Rs. 81 as VAT, find:
(i) how much per cent discount does the trader get ?
(ii) the total money paid by the trader, including tax, to buy the article.

  1. <span>$ 30% ;&nbsp; Rs. 3,339$</span>
  2. <span>$ 10% ;&nbsp; Rs. 2,339$</span>
  3. <span>$ 15% ;&nbsp; Rs. 4,339$</span>
  4. None o these
Question 16 Multiple Choice (Single Answer)

______ is imposed on all stages between production and final sale.

  1. discount
  2. profit
  3. sales tax
  4. VAT
Question 17 Multiple Choice (Single Answer)

The cost of a pair of shirts at a shop was Rs. $450$. The sales tax charged was $5%$. Find the bill amount.

  1. $472.5$
  2. $432.5$
  3. $473.5$
  4. $433.5$
Question 18 Multiple Choice (Single Answer)

The rate of GST on stainless steel utensils is $18%$, then the rate of state GST is:

  1. $18%$
  2. $9%$
  3. $36%$
  4. $0.9%$
Question 19 Multiple Choice (Single Answer)

In the format of GSTIN, how many alpha-numerals are present?

  1. $15$
  2. $10$
  3. $16$
  4. $9$
Question 20 Multiple Choice (Single Answer)

Rate of GST on brokerage is:

  1. $5%$
  2. $12%$
  3. $18%$
  4. $28%$
Question 21 Multiple Choice (Single Answer)

To find the cost of one share at the time of buying the amount of Brokerage and GST is to be _______ the MV of share.

  1. added to
  2. subtracted from
  3. multiplied with
  4. divided by
Question 22 Multiple Choice (Single Answer)

Rate of GST on essential commodities is:

  1. $5%$
  2. $12%$
  3. $0%$
  4. $18%$
Question 23 Multiple Choice (Single Answer)

In the format of GSTIN there are ...... alpha-numerals.

  1. $15$
  2. $10$
  3. $16$
  4. $9$
Question 24 Multiple Choice (Single Answer)

To find the cost of one share at the time of buying the amount of Brokerage and GST is to be ____ the MV of share.

  1. Added to
  2. Substracted from
  3. Multiplied with
  4. Divided by
Question 25 Multiple Choice (Single Answer)

An article was purchased for $Rs. 1239$ including GST of $18%$. Find the price of the article before GST was added

  1. Rs. $1050$
  2. <span>Rs. $1100$</span>
  3. <span>Rs. $1150$</span>
  4. <span>Rs. $1200$</span>
Question 26 Multiple Choice (Single Answer)

Rajeev buys good worth $Rs.6650$. He gets a rebate of $6$% on it. After getting the rebate, he pays sales tax@ $10$%. Find the amount he will have to pay for the goods.

  1. $6876.10$
  2. $6999.20$
  3. $6654$
  4. $7000$
Question 27 Multiple Choice (Single Answer)

$6%$ SGST was charged on the pen having cost Rs. $300$, then find the amount of CGST charged.

  1. Rs. $24$
  2. Rs. $12$
  3. Rs. $16$
  4. Rs. $18$
Question 28 Multiple Choice (Single Answer)

Shyam purchases a scooter costing $Rs.36,450$ and the rate of sales tax is $9%$, then the total amount by her is:

  1. $Rs.36,490.50$
  2. $Rs.39,730.50$
  3. $Rs.36,454.50$
  4. $Rs.33,169.50$
Question 29 Multiple Choice (Single Answer)

The rate of GST on the spices is $5%$ which includes the rate of CGST

  1. $5%$
  2. $10%$
  3. $2.5%$
  4. $0.5%$
Question 30 Multiple Choice (Single Answer)

How many alpha numerals are there in the $GSTIN$ of a registered dealer

  1. $15$
  2. $10$
  3. $16$
  4. $9$
Question 31 Multiple Choice (Single Answer)

The cost of furniture inclusive of VAT is $Rs.\ 7150$. If the rate of VAT is $10%$, find the original cost of the furniture.

  1. $Rs.\ 5000$
  2. $Rs.\ 3000$
  3. $Rs.\ 6500$
  4. $Rs.\ 2000$
Question 32 Multiple Choice (Single Answer)

The marked price of an article is Rs. $900$ and the rate of sales tax on it is $6 %$.If on selling the article at its marked price, a retailer has to pay Rs $4.80$ ; find the money paid by him (including sales tax) for purchasing the article.

  1. $700.40$
  2. <span>$800.20$</span>
  3. <span>$829.20$</span>
  4. $869.20$
Question 33 Multiple Choice (Single Answer)

The cost of an article is $Rs\ 6,000$ to a distributor.He sells it to trader at $Rs \ 7,500$ and the trader sells it to customer for $Rs \ 8,000$. If the VAT rate is $12.5 %$; find the VAT paid by distributor.

  1. <span>Rs. 167.50</span>
  2. <span><span>Rs.</span>177.50</span>
  3. <span><span>Rs.&nbsp;</span>180.50</span>
  4. <span>Rs. &nbsp;</span>187.50
Question 34 Multiple Choice (Single Answer)

Vishal goes to a shop to buy a radio costing Rs. $2568$. The rate of sales tax is $7$%. He tells the shopkeeper to reduce the price of the radio to such an extent that he has to pay Rs. $2568$, inclusive of sales tax. Find the reduction needed in the price of the radio

  1. Rs. $179.76$
  2. Rs. $170$
  3. Rs. $168$
  4. Rs. $169$
Question 35 Multiple Choice (Single Answer)

Anad paid Rs30 as sales tax on a bottle of mineral water with marked price as Rs 400. Calculate the rate of sales tax.

  1. 15%
  2. 12.5%
  3. 6%
  4. 7.5%
Question 36 Multiple Choice (Single Answer)

Som purchased a cycle for Rs $1,664$ including sales lax. The list price of the cycle is Rs $1,600$, then the rate of sales tax is

  1. $4$%
  2. $5$%
  3. $6$%
  4. $7$%
Question 37 Multiple Choice (Single Answer)

Shyam buys an article for Rs $10,000$ and pays $7%$ tax. He sells the same article for Rs $13,000$ and charges $9 %$ tax. Find the VAT paid by shyam.

  1. $470$
  2. $520$
  3. <span>$670$&nbsp;</span>
  4. $680$
  5. <span>None of these</span>
Question 38 Multiple Choice (Single Answer)

A colour TV is available for Rs 13,440 inclusive of sales tax. If the original cost of TV is Rs 12,000, then the rate of sales tax is:

  1. 10%
  2. 12%
  3. 13%
  4. 14%
Question 39 Multiple Choice (Single Answer)

A shopkeeper purchases an article for Rs 6200 and sells it to customer for Rs 8500. If sales tax is 8% , find the VAT paid by shopkeeper.

  1. $185$
  2. $184$
  3. $187$
  4. $190$
Question 40 Multiple Choice (Single Answer)

Tanya buys a leather coat costing Rs. 3,600, the rate of Sales Tax being 10%. She asks the shopkeeper to reduce the price of the coat to such an extent that she does not have to pay anything more than Rs. 3,366 including Sales Tax. Calculate:
(i) the reduction needed in the cost price of the coat,
(ii) the reduction as percent.

  1. (i) Rs. 320 &nbsp; &nbsp; &nbsp;(ii) 12%
  2. (i) Rs. 840 &nbsp; &nbsp; &nbsp;(ii) 15%
  3. (i) Rs. 540 &nbsp; &nbsp; &nbsp;(ii) 15%
  4. (i) Rs. 520 &nbsp; &nbsp; &nbsp;(ii) 12%
Question 41 Multiple Choice (Single Answer)

The marked price of two articles $A$ and $B$ together is Rs. 6000. The sales tax on article $A$ is 8% and that on article $B$ is 10%. If on selling both the articles, the total sales tax collected is Rs. 552, find the marked price of each of the articles $A$ and $B$.

  1. $A =$ Rs. $2,600$; &nbsp;$B =$ Rs. $3,900$.
  2. $A =$ Rs. $2,900$; &nbsp;$B =$ Rs. $2,700$.
  3. $A =$ Rs. $2,700$; &nbsp;$B =$ Rs. $2,200$.
  4. $A =$ Rs. $2,400$; &nbsp;$B =$ Rs. $3,600$.
Question 42 Multiple Choice (Single Answer)

A shopkeeper sells an article for Rs. 21,384 including 10% sales-tax. However, the actual rate of sales-tax is 8%. Find the extra profit made by the dealer.

  1. Rs. 230
  2. Rs.&nbsp;388.80
  3. Rs. 540.40
  4. Rs. 810
Question 43 Multiple Choice (Single Answer)

A bicycle is available for Rs. 1,664 including Sales Tax. If the list price of the bicycle is Rs. 1,600, find:
(i) the rate of Sales Tax
(ii) the price, a customer will pay for the bicycle if the Sales Tax is increases by 6%.

  1. (i) 1%
    (ii) Rs. 1,110
  2. (i) 2%
    (ii) Rs. 1,290
  3. (i) 3%
    (ii) Rs. 1,530
  4. (i) 4%
    (ii) Rs. 1,760
Question 44 Multiple Choice (Single Answer)

A shopkeeper buys an article for Rs. 800 and spends Rs. 100 on its transportation, etc. He marks the article at a certain price and then sells it for Rs. 1,287 including 10% sales tax. Find this profit as per cent.

  1. 10%
  2. 20%
  3. 30%
  4. 40%
Question 45 Multiple Choice (Single Answer)

A shopkeeper marks his goods 40% above the cost price and then allows discount of 20%. Find how much will a customer pay for an article which costs the shopkeeper Rs. 200 and a Sales Tax of 10% is levied on the sale price of the article. (Give your answer correct to the nearest rupee).

  1. Rs.&nbsp;246
  2. Rs.&nbsp;297
  3. Rs. 323
  4. Rs. 356
Question 46 Multiple Choice (Single Answer)

The price of a T.V. set inclusive of Sales Tax of 9% is Rs. 13,407. Find its marked price. If Sales Tax is increased to 13%, how much more does the customer has to pay for the T.V. ?

  1. Rs. 18,300; &nbsp;Rs. 900.
  2. Rs. 16,300; &nbsp;Rs. 720.
  3. Rs. 14,300; &nbsp;Rs. 630.
  4. Rs. 12,300; &nbsp;Rs. 492.
Question 47 Multiple Choice (Single Answer)

A trader buys an unfinished article for Rs. 1,800 and spends Rs. 600 on its finishing, packing, transportation, etc. He marks the article at such a price that will give him 20% profit. How much will a customer pay for the article including 12% sales tax.

  1. Rs. 1223.20
  2. Rs. 2556.70
  3. Rs.&nbsp;3000.30
  4. Rs.&nbsp;3225.60
Question 48 Multiple Choice (Single Answer)

A shopkeeper announces a discount of 15% on his goods. If the marked price of an article, in his shop, is Rs. 6,000; how much a customer has to pay for it, if the rate of Sales Tax is 10% ?

  1. Rs.&nbsp;5320
  2. Rs.&nbsp;5610
  3. Rs.&nbsp;5930
  4. Rs. 6120
Question 49 Multiple Choice (Single Answer)

The catalogue price of a colour T.V. is Rs. 24,000. The shopkeeper gives a discount of 8% on the list price. He gives a further off season discount of 5% on the balance. But Sales Tax at 10% is charged on the remaining amount. Find:
(a) the Sales Tax a customer has to pay
(b) the final price he has to pay for the T.V.

  1. (a) Rs. 2,16060 &nbsp; &nbsp;(b) Rs. 23,112.60
  2. (a) Rs. 2,097.60 &nbsp; &nbsp;(b) Rs. 23,073.60
  3. (a) Rs. 1,976.60 &nbsp; &nbsp;(b) Rs. 23,243.60
  4. (a) Rs. 1,850.60 &nbsp; &nbsp;(b) Rs. 23,513.60
Question 50 Multiple Choice (Single Answer)

A toy is purchased for Rs. 591.36 which includes 12% rebate on the printed price and 12% Sales Tax on the sale price of the toy. Find the printed price of the toy.

  1. Rs. 800
  2. Rs.&nbsp;600
  3. Rs. 400
  4. Rs. 300
Question 51 Multiple Choice (Single Answer)

A shopkeeper sells an article at the listed price of Rs. $1,500$ and the rate of $VAT$ is $12%$ at each stage of sale. If the shopkeeper pays a $VAT$ of Rs. $36$ to the Government, what was the price, inclusive of Tax, at which the shopkeeper purchased the article from the wholesaler ?

  1. Rs. $962$
  2. Rs. $1142$
  3. Rs. $1344$
  4. Rs. $1632$
Question 52 Multiple Choice (Single Answer)

Geeta purchased a face-cream for Rs. $79.10$ including Sales Tax. If the printed price of the face-cream is Rs. $70$; find the rate of Sales Tax.

  1. $7%$
  2. $10%$
  3. $13%$
  4. $18%$
Question 53 Multiple Choice (Single Answer)

A shopkeeper buys an article for Rs. 7,500 and increases its price. He sells this article for Rs. 9,156 including 9% Sales Tax on the increased price. Calculate, by how much per cent does the shopkeeper increase the price of the article.

  1. 5%
  2. 7%
  3. 9%
  4. 12%
Question 54 Multiple Choice (Single Answer)

Given basic price $=12000$, VAT $=10%$, find VAT to be paid.

  1. $1200$
  2. $120$
  3. $1500$
  4. $1000$
Question 55 Multiple Choice (Single Answer)

When you buy a car for $15,000$ rupees and pay $10%$ in tax. How much is sales tax?

  1. Rs. $15,000$
  2. Rs. $20,000$
  3. Rs. $16,500$
  4. Rs. $17,000$
Question 56 Multiple Choice (Single Answer)

Ram purchased a phone for Rs $5400$ including VAT. Find the price before VAT was added . The VAT is $8 %$

  1. $5000$
  2. $500$
  3. $50000$
  4. $540$
Question 57 Multiple Choice (Single Answer)

Find the final price for the product after a tax is applied for diamond ring. The cost of the ring is $280$ rupees and the tax rate is $12%$.

  1. <span>Rs. $313.6$</span>
  2. <span>Rs. $302,4$</span>
  3. <span>Rs. $307.12$</span>
  4. <span>Rs. $312.3$</span>
Question 58 Multiple Choice (Single Answer)

When you buy a home for $2,50,000$ rupees and pay $50%$ in tax. How much is tax?

  1. Rs. $2,50,000$
  2. <span>Rs. $1,25,000$</span>
  3. <span>Rs. $3,75,000$</span>
  4. <span>None of these</span>
Question 59 Multiple Choice (Single Answer)

The cost price of a saree is Rs. $1450$. The sales tax charged was $8%$. Find the bill amount.

  1. Rs. $1540$
  2. Rs. $1566$
  3. Rs. $1254$
  4. Rs. $1584$
Question 60 Multiple Choice (Single Answer)

Mike wants to buy something that costs $Rs. 1350$ before VAT. VAT is charged at $14%$. Calculate the total cost after VAT is added.

  1. $Rs.&nbsp;1500$
  2. $Rs.&nbsp;1539$
  3. $Rs.&nbsp;1234$
  4. $Rs.&nbsp;1589$
Question 61 Multiple Choice (Single Answer)

John wants to buy something that costs $Rs. 230$ before VAT. VAT is charged at $0.5%$. Calculate the total cost after VAT is added.

  1. $Rs.&nbsp;234.5$
  2. $Rs.&nbsp;239.1$
  3. $Rs.&nbsp;239.4$
  4. $Rs.&nbsp;231.15$
Question 62 Multiple Choice (Single Answer)

A phone has a cost of $Rs. 1200$ excluding VAT at $10%$. After VAT is included, what is the total cost?

  1. $Rs.&nbsp;1200$
  2. $Rs.&nbsp;1230$
  3. $Rs.&nbsp;1320$
  4. $Rs.&nbsp;2301$
Question 63 Multiple Choice (Single Answer)

What is the final price of the product, after a tax is applied for an Apple tablet. The cost of the Apple tablet is Rs. $235.90$ and the tax rate is $3.4%$?

  1. <span>Rs. $243.567$</span>
  2. <span>Rs. $243.9206$</span>
  3. <span>Rs. $216.897$</span>
  4. <span>Rs. $268.120$</span>
Question 64 Multiple Choice (Single Answer)

What is the actual cost of sweet if you get a discount of $10$% and pays $5$% for tax. Discount price $=100$

  1. $94.5$
  2. $95$
  3. $99.5$
  4. None
Question 65 Multiple Choice (Single Answer)

Find the final price for the product after a tax is applied for book shelve. The cost of the book shelve is Rs. $1200$ rupees and the tax rate is $12%$.

  1. <span>Rs. $1200$</span>
  2. <span>Rs. $1244$</span>
  3. <span>Rs. $1344$</span>
  4. <span>Rs. $1320$</span>
Question 66 Multiple Choice (Single Answer)

A furniture has a cost of $Rs. 300$ excluding VAT at $20%$. After VAT is included, what is the total cost?

  1. $Rs.&nbsp;300$
  2. $Rs.&nbsp;340$
  3. $Rs.&nbsp;360$
  4. $Rs.&nbsp;380$
Question 67 Multiple Choice (Single Answer)

Sumeet bought a cycle for $Rs.2000$ and pays $10$% in tax. How much is tax?

  1. $Rs.200$
  2. $Rs.300$
  3. $Rs.400$
  4. $Rs.100$
Question 68 Multiple Choice (Single Answer)

Before adding VAT at $13%$, a bike's cost is $Rs. 350$. What is the total cost including VAT?

  1. $Rs.&nbsp;395.5$
  2. $Rs.&nbsp;345.2$
  3. <span>$Rs.&nbsp;390.2$</span>
  4. $Rs.&nbsp;316.7$
Question 69 Multiple Choice (Single Answer)

The cost of a pair of shirts at a shop was Rs. $450$. The sales tax charged was $5%$. Find the bill amount.

  1. $172.50$
  2. $272.50$
  3. $372.50$
  4. $472.50$
Question 70 Multiple Choice (Single Answer)

In Chennai, Caleb plans to purchase a particular service for Rs. $1300$, plus VAT at $14.5%$. What is the total cost including VAT?

  1. $1388.5$
  2. $188.5$
  3. $1488.5$
  4. $1300$
Question 71 Multiple Choice (Single Answer)

An item costs Rs. $2400$. The sales tax is $16%$. What is the cost of the item after taxes?

  1. $2784$
  2. $2400$
  3. $2016$
  4. $2500$
Question 72 Multiple Choice (Single Answer)

In Chennai, sales tax is $10.20%$. What is the tax on items that total Rs. $1450$ before tax?

  1. $1000$
  2. $1450$
  3. $1597.90$
  4. $1302.10$
Question 73 Multiple Choice (Single Answer)

Ann stays in a hotel for Rs. $100$ per night. She stays for three nights and pays a sales tax of $12%$. How much did she pay?

  1. $12$
  2. $24$
  3. $36$
  4. $48$
Question 74 Multiple Choice (Single Answer)

A manufacturer buys a raw materials for Rs. 3000 and pays 4% tax. He sells the ready stock for Rs. 5000 and charges 4% tax. Find the VAT paid by the manufacturer.

  1. 20
  2. 40
  3. 80
  4. 60
Question 75 Multiple Choice (Single Answer)

A transportation company charges $x$ for a kg. It also charges a sales tax on the things per kg and a fixed amount for a lot. If the total amount, in dollars paid at the time of transportation is given by the expression $1.07x+17$, then what is the sales tax, expressed as a percentage of the base price?

  1. $0.07%$
  2. $1.07%$
  3. $7%$
  4. $17%$
Question 76 Multiple Choice (Single Answer)

Nancy pays $6%$ sales tax on a car that costs $$ 22,000$. What is the cost of the car including sales tax?

  1. $$ 23,320$
  2. $$ 23,540$
  3. $$ 24,200$
  4. $$ 31,200$
  5. $$ 35,200$
Question 77 Multiple Choice (Single Answer)

After sales tax, a book costs $$ 25.20$. If sales tax is $5%$, how much does the book cost before taxes?

  1. $$ 23.50$
  2. $$ 23.94$
  3. $$ 24.00$
  4. $$ 24. 23$
  5. $$ 26.46$
Question 78 Multiple Choice (Single Answer)

Mrs. Malhotra purchased solar panels for the taxable value of Rs $85,000$. She sold them for Rs $90,000$. The rate of GST is $5%$. Find the ITC of Mrs Malhotra.

  1. $4000$
  2. $3500$
  3. $4500$
  4. $4250$
Question 79 Multiple Choice (Single Answer)

Bashir khan purchased 100 shares of MV Rs. $40$. Brokerage paid at the rate of $0.5%$ and rate of GST on brokerage is $18%$. Find the total amount he paid for the share purchase.

  1. Rs $4020$
  2. Rs $4233.20$
  3. Rs $4023.60$
  4. Rs $4003$
Question 80 Multiple Choice (Single Answer)

A dealer has given $10% $discount on a showpiece of Rs $25,000$. GST of $28%$ is applied on the discounted price. Find the total amount that is shown in the tax invoice.

  1. $26000$
  2. $22500$
  3. $22400$
  4. $28800$
Question 81 Multiple Choice (Single Answer)

A dealer pays following VAT @ of 14% on 20th April Rs. 2500, 20th May Rs. 1200. Find his sales for March and April.

  1. $16428.55$
  2. $26428.55$
  3. $36428.55$
  4. $46428.55$
Question 82 Multiple Choice (Single Answer)

Shri. Batliwala sold shares of Rs $30350$ and purchased shares of Rs $69650$ in a day. He paid $0.1%$ brokerage on both sale and purchase of shares. $18%$ GST was charged on the brokerage. Find his total expenditure on brokerage and tax.

  1. $120$
  2. $118$
  3. $139.5$
  4. $105$