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प्रश्न
Additional expenses made after buying an article are included in the cost price and are known as Value Added Tax.
विकल्प
True
False
उत्तर
This statement is False.
Explanation:
In the selling price (known as MRP) include the tax known as VAT (Value Added Tax).
Hence, VAT is always included in selling price.
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संबंधित प्रश्न
A dealer buys an article at a discount of 30% from the wholesaler, the marked price being Rs. 6000. The dealer sells it to a shopkeeper at a discount of 10% on the marked price. If the rate of the VAT is 6%, find
1) The price paid by the shopkeeper including the tax.
2) The VAT paid by the dealer
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 VAT = Rs 4.80; find the money paid by him (including sales tax) for purchasing this article.
Mohit, a dealer in electronic goods, buys a high-class TV set for Rs 61,200. He sells this TV set to Geeta, Geeta to Rohan and Rohan sells it to Manoj. If the profit at each stage is Rs 2,000 and the rate of VAT at each stage is 12.5%, find:
1) total amount of tax (under VAT) paid to the Government.
2) Money paid by Manoj to buy the TV set.
The catalogue price of an article is Rs. 20,000. The dealer allows two successive discounts 15% and 10%. If sales tax at the rate of 10% is charged on the remaining amount. Find:
(i) the sales tax amount a customer has to pay.
(ii) the final total price that customer has to pay for the article.
A trader buys an article for Rs. 1,700 at a discount of 15% on its printed price. He raises the printed price of the article by 20% and then sells it for Rs. 2,688 including sales tax on the new marked price. Find:
(i) the rate of sales tax
(ii) the trader’s profit as per cent
Vikram bought a watch for Rs 825. If this amount includes 10% VAT on the list price, what was the list price of the watch?
An article was purchased for Rs. 1239, including GST of 18%. Find the price of the article before GST was added?
In a particular tax period, a trader purchased goods worth Rs 15,00,000 and paid a VAT of Rs 1,35,000. During the same period, he sold goods worth Rs 8,00,000 taxed at 12% and goods worth Rs 12,00,000 taxed at 5%. Calculate his tax liability for this period.
Prachi bought medicines from a medical store as prescribed by her doctor for Rs 36.40 including 4% VAT. Find the price before VAT was added.
Devangi’s phone subscription charges for the period 17-02-09 to 16-03-09 were as follows:
| Period | Amount (in Rs) | Service Tax % |
| 17-02-09 to 23-02-09 | 199.75 | 12 |
| 24-02-09 to 16-03-09 | 599.25 | 10 |
Find the final bill amount if 3% education cess was also charged on service tax.
