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प्रश्न
What are the functions of the GST council?
उत्तर
The functions of GST Council:
- The tax cases and surcharges levied by the union, the state, and local bodies may be subsumed in the GST.
- The goods and services that may be subjected to, or exempted from the GST.
- The threshold limit of turnover below which goods and services may be exempted from the GST.
- The rates including floor rates with bands of the GST.
- Any special rates for a specified period, to raise additional resources during any natural calamity or disaster.
- Any other matters relating to the GST, as the council may decide.
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संबंधित प्रश्न
Give one word/term or phrase for the following statement:
Brief explanation of an entry.
A company dealing in mobile phones purchased mobile phones worth Rs500000 and sold the same to customers at Rs.6,00,000. Find the amount Of ITC and the amount of GST if the rate of GST is 12%.
Heena Enterprise sold cosmetics worth Rs. 25000 to Leena traders, a retailer. Leena Traders sold it further to Meena Beauty Products for Rs. 30000. Meena Beauty Product sold it further to the customers for Rs. 40000. The rate of GST is 18%
Find
i) GST Payable by each party
ii) CGST and SGST
Two friends ‘Aditi’ and ‘Vaishali’ went to a restaurant. They ordered 2 Masala Dosa costing Rs. 90 each 2 coffee costing Rs.60 each and 1 sandwich costing Rs. 80. If GST is charged at 5% Find the Total amount of the bill including GST.
‘Chitra furnishings’ purchased tapestry (curtain cloth) for Rs. 2800000 and sold for Rs.4480000 Rate of GST is 5%.
Find,
i) Input Tax
ii) Output Tax
iii) ITC
iv) CGST and SGST
Prepare Business to customers (B2C) tax invoice using the given information. Write the name of the supplier, address, state, Date, Invoice Number, GSTIN, etc. as per your choice
Supplier: M/s _________________ Address: _________________ State: ________________ Date: _________________ Invoice No: ______________ GSTIN: ___________________
Particular: Rate of Sarees – Rs.2750 Rate of GST 5% HSN 5407–2 pcs
Rate of Kurta – Rs. 750 Rate of GST 12% HSN 5408.
‘Sweet 16’ A ready-made garments shop for Women's garments, purchased stock for Rs. 400000 and sold that stock for 550000 ( 12% GST is applicable)
Find,
i) Input Tax Credit
ii) CGST and SGST paid by the firm.
GST stands for ______,______,______.
Purchased Motor Car from Tata & Company worth ₹ 2,00,000 at 18% GST. Find out GST amount.
Bought goods from Ranjan ₹ 10,000 @ 5% GST and 10% cash discount. Calculate cash discount.
