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Question
The price of an article is Rs 8,250 which includes sales tax at 10%. Find how much more or less does a customer pay for the article, if the sales tax on the article:
(i) increases to 15%
(ii) decreases to 6%
(iii) increases by 2%
(iv) decreases by 3%
Solution
Let sale price of article = Rs y
Total price inclusive of sales tax = Rs 8,250
The rate of sales tax = 10%
According to question
y + 10% of y = Rs 8250
`=> "y" + "y"/10 = "Rs." 8250`
`=> (11"y")/10 = "Rs." 8250`
`=> "y" = (8250 xx 10)/11 = "Rs." 7500`
(i) New rate of sales tax = 15%
New total price = Rs. 7,500 + 15% of Rs. 7,500
`= "Rs." 7500 +15/100 xx 7500`
= Rs. 7500 + Rs. 1125 = Rs. 8625
More money paid = Rs. 8,625 – Rs. 8,250 = Rs. 375
(ii) New rate of sales tax = 6%
New total price = Rs. 7,500 + 6% of Rs. 7,500
`= "Rs." 7500 + 6/100 xx 7500`
= Rs. 7500 + Rs. 450 = Rs. 7950
Less money paid = Rs. 8,250 – Rs. 7,950 = Rs. 300
(iii) New rate of sales tax = (10+2)% = 12%
New total price = Rs. 7,500 + 12% of Rs. 7,500
`= "Rs." 7500 + 12/100 xx 7500`
= Rs. 7500 + Rs. 900 = Rs. 8400
More money paid = Rs. 8,400 – Rs. 8,250 = Rs. 150
(iv) New rate of sales tax =(10-3)%= 7%
New total price = Rs. 7,500+ 7% of Rs. 7,500
`= "Rs." 7500 + 7/100 xx 7500`
= Rs. 7500 + Rs. 525 = Rs. 8025
Less money paid = Rs. 8,250 – Rs. 8,025 = Rs. 225
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Fill in the blanks:
When the goods/services are sold for Rs. 15,000 under intra-state transaction from station A to station B and the rate of GST is 12%.
As per GST System
- S.P. at station A = ______
- CGST = ______
SGST = ______ - C.P. at station B = ______
- If profit = Rs. 5000
S.P. at station B = ______
Now the same goods/services are moved under inter-state transaction from station B to station C and the rate of tax is 12%. - GST = ______
- C.P. at station C = ______
Rohit purchased an article and paid GST of ₹ 10,400. He sold the article to Manish and collected GST of ₹ 11,000. Geeta purchased the same article from Manish and paid GST of ₹ 11,800. Find the amount of SGST and CGST payable at each stage if each transaction is intra state.
