ICSE Class 10 Value Added Tax — practice questions
20 free MCQs with worked solutions. Tap any question for the answer + explanation, or practice them all in the app.
Practice ICSE Class 10 Value Added Tax in the app →GST stands forOn intra-state sale GST is collected asOn inter-state sale GST is collected asOn a bill of Rs 1000 at 18% GST, the GST amount isA trader sells goods worth Rs 2000 within the state at 12% GST. CGST and SGST each areA wholesaler in Mumbai sells goods worth Rs 5000 to a dealer in Pune at 5% GST. The GST isA trader in Delhi sells goods worth Rs 8000 to a customer in Jaipur at 18% GST. IGST isCost price Rs 1500 plus 12% GST. Total amount payable isInput Tax Credit (ITC) lets a dealer claim credit forA retailer buys an article at Rs 2000 + 18% GST and sells at Rs 2500 + 18% GST. Net GST deposited isA shopkeeper in Lucknow buys at Rs 10000, then sells within Lucknow for Rs 12000, both at 12% GST. Net CGST heMarked price Rs 5000, discount 10%, then 18% GST. Amount payable isTwo articles cost Rs 800 and Rs 1200 each at 5% GST. Total amount payable isChennai dealer sells goods worth Rs 6000 to a Bengaluru dealer at 28% GST. IGST isMarked price Rs 20000, discount 15%, then 18% GST. Amount payable isShopkeeper buys at Rs 4000 + 12% GST and sells within state at Rs 5000 + 12% GST. Net SGST payable isRestaurant bill Rs 1200 with 5% GST. Total payable isSelling price including 18% GST is Rs 2360. The price excluding GST isTrader buys at Rs 10000 + 5% GST and sells at Rs 11000 + 5% GST in same state. Net GST payable isShopkeeper sells an article at Rs 4480 inclusive of 12% GST. Taxable value is