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Question
Give one word/term or phrase for the following statement:
Brief explanation of an entry.
Solution
Narration
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RELATED QUESTIONS
Answer in One Sentence:
In which year GST was imposed by the Central Government of India?
Give one word/term or phrase for the following statement:
The tax imposed by Central Government on Goods and Services
Give one word/term or phrase for the following statement:
Page number of the ledger.
Correct the following statement and rewrite the statement:
GST is imposed by the Government of India from 1st July 2018.
M/s Janaseva sweet mart sold sweets of Rs.3,86,000. What CGST and SGST he will pay if the rate of GST is 5%?
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.
Ashwin Auto Automobiles sold 10 motorcycles. The total sales amount was Rs. 680000. 18% of GST is applicable. Calculate how much CGST and SGST the firm has to pay.
‘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 ______,______,______.
What are the functions of the GST council?
Do you agree or disagree with following statement:
GST stands for Goods and Sales Tax.
Purchased Motor Car from Tata & Company worth ₹ 2,00,000 at 18% GST. Find out GST amount.
Paid Transport charges ₹ 10,000 @ 5% GST. Calculate CGST & SGST.
Bought goods from Ranjan ₹ 10,000 @ 5% GST and 10% cash discount. Calculate cash discount.
Received cheque of ₹ 90,000 from Kiran in full settlement of his account ₹ 1,00,000/-. Calculate discount rate.
Sold goods of ₹ 1,00,000 at 10%. Trade Discount and 10% cash discount to Ram and received 50% amount by cheque. Calculate the amount of cheque received.
