5.ABC finance company provide finance related service in Delhi. How much will
Ram, a resident of Delhi, pay for services costing Rs 8000, 6500 and 9500 if rate
of GST is 18%.
Answers
Answer:
Exercise 1(A) Page No: 8
1. For the following transaction within Delhi, fill in the blanks to find the amount of bill:
MRP = Rs 12,000, Discount % = 30%, GST = 18%
Discount =
Selling price (discounted value) =
CGST =
SGST =
IGST =
Amount of Bill =
Solution:
Given,
MRP = Rs 12,000, Discount % = 30%, GST = 18%
Now,
Discount = 30% of 12,000 = (30/100) x 1200 = Rs 3600
So,
Selling price (discounted value) = 12000 - 3600 = Rs 8400
CGST = 9% of 8400 = Rs 756
SGST = 9% of 8400 = Rs 756
IGST = 0
Thus, the amount of bill = Selling price + CGST + SGST
= 8400 + 756 + 756
= Rs 9912
2. For the following transaction from Delhi to Jaipur, fill in the blanks to find the amount of bill:
MRP = Rs 50,000, Discount % = 20%, GST = 28%
Discount =
Selling price (discounted value) =
CGST =
SGST =
IGST =
Amount of Bill =
Solution:
Given,
MRP = Rs 50,000, Discount % = 20%, GST = 28%
Now,
Discount = 20% of 50,000 = (20/100) x 50,000 = Rs 10,000
So,
Selling price (discounted value) = 50,000 - 10,000 = Rs 40,000
CGST = 0
SGST = 0
IGST = 28% of 40,000 = (28/100) x 40,000 = Rs 11,200
Thus, the amount of bill = Selling price + IGST
= 40,000 + 11,200