Page 22 - CA Final GST

Badlani Classes

Chapter : 4

Computation of GST

Intra State Transactions
Ques. 1 M/s A Ltd has purchased raw material for Rs 10,00,000 (exclusive of GST @ 20%).
The company has incurred Rs 5,00,000 being processing charges & sold the final
product at a profit of Rs 2,00,000 & charged GST @ 20%. Compute Tax liability.
Ques. 2 M/s A Ltd is a manufacturer & registered in Delhi, purchased raw material for Rs
6,00,000 (exclusive of GST @ 18%) & incurred Rs 4,00,000 on processing etc.
Profit was charged @ 40% on cost & sold it to a wholesaler. GST rate on sale is
24% (i.e. CGST 12% & SGST 12%). The wholesaler further sold it to a retailer at
a profit of 30% on cost & GST rate was 24%. The retailer further sold it to a
customer Mr X at a profit of 30% on cost & charged GST @ 24%.
Compute Output Tax, ITC & net tax liability at every stage.
Ques. 3 Mr A a registered dealer sold goods to Mr B for Rs 30000 (inclusive of profit of Rs
5000). Rate of GST is 10%. Calculate CGST, SGST, Taxable Value & Invoice
Value.
Ques. 4 Mr A a registered dealer sold goods to Mr B for Rs 30000 (inclusive of profit of Rs
5000). Rate of GST is 10%, which is not charged separately in invoice. Calculate
CGST, SGST, Taxable Value & Invoice Value.
Ques. 5 Mr X is a un-registered dealer in Delhi purchased goods for Rs 10,00,000
(exclusive of GST @ 20%) & sold the goods at a profit of Rs 2,00,000. Comment.
Ques. 6 Mr X is a registered dealer in Delhi purchased goods for Rs 10,00,000 (exclusive
of GST @ 20%) & sold the goods at a profit of Rs 2,00,000. Comment.
Ques. 7 Mr X is a dealer registered in GST & has purchased goods for Rs 7,60,000 and paid
CGST @ 9% and SGST 9% and sold goods at a profit of 40% on cost & charged
output CGTS @ 9% and SGST @ 9%. Calculate Tax Liability & ITC.
Assume he is a registered dealer.
Assume he is not a registered dealer.
Ques. 8 Mr X is a registered dealer & he furnishes you the following details :
1- Goods A purchased for Rs 3,00,000 (exclusive of GST @ 18%) & sold at
a profit of 40% on cost & charged GST @ 18%.
2- Goods B purchased for Rs 5,00,000 (exclusive of GST @ 28%) & sold at
a profit of Rs 3,00,000 & charged GST @ 28%.
3- Goods C purchased for Rs 7,00,000 (exclusive GST 12%) & sold goods at
a profit of 40% on sale & charged GST @ 12%. Calculate Tax & ITC.
Inter State Transactions
Ques. 9 Mr X is a registered dealer in Delhi & he has purchased goods from Haryana for
Rs 10,00,000/- (exclusive of GST @ 12%) & gods were sold in Delhi at a profit of
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Rs 1,00,000/- & charged GST @ 12%. Calculate sale value & GST liability.
Ques. 10 Mr X is a registered dealer in Delhi & he submits you the following details :

Central Goods & Services Tax Act, 2017