Page 23 - CA Final GST

Badlani Classes

1- Goods A purchased from Haryana for Rs 6,00,000/- plus GST @ 20% &
sold the goods in Delhi at a profit of Rs 20% on purchase price plus GST
@ 20%.
2- Goods B purchased from Delhi at Rs 5,00,000/- plus GST @ 20% & sold
it at a profit of 30% of cost price plus GST @ 20%.
3- Goods C purchased from Delhi for Rs 7,00,000/- plus CGST @ 10% and
SGST @ 10% & the goods were sold in Haryana and charged IGST @
20%. Profit rate was 40% on cost.
Calculate net liability of GST.
Ques. 11 M/s A is engaged in manufacturing of a product & he furnishes you the following
details :
1- Purchased Material X from other state for Rs 1,00,000/- and paid IGST @
15%.
2- Purchased Material Y from Delhi for Rs 3,00,000/- plus CGST @ 10 and
SGST @ 10%.
3- Processing Charges Rs 400,000/-
4- Taken services of an engineer and paid Rs 3,00,000/- plus CGST @ 7.5%
@ SGST @ 7.5%.
5- Profit of Rs 5,00,000/- and entire product was sold (GST rate is 20%).
Compute Net Liability.
Ques. 12 M/s A is engaged in manufacturing of a product & he furnishes you the following
details :
1- Raw material purchased A for s 2,00,000/- plus CGST @ 10% & SGST @
10%
2- Purchased raw material B for Rs 3,10,000/- & IGST @ 20%
3- Services of an engineer taken @ Rs 2,00,000/- plus CGST @ 10% + SGST
@ 10%.
4- Processing cost Rs 4,00,000/-
5- Profit @ 20% on cost.
6- Sale of entire product in UP & rate of IGST @ 20%.
Calculate tax liability.
Ques. 13 M/s A is engaged in manufacturing of a product & he furnishes you the following
details :
1- Purchased Raw Material A of Rs 2,00,000/- + CGST @ 10% + SGST @
10%
2- Purchased Raw Material B of Rs 3,00,000/- + IGST @ 20%
3- M/s A also purchased a plant for Rs 10,00,000/- + CGST @ 10% & SGST
@ 10%, Life of plant is 5 years & Dep rate is 20% as per SLM method.
4- Payment against services of Rs 3,00,000/- + CGST @ 10% & SGST @
10%.
5- Other processing cost Rs 5,00,000/-
6- Goods sold after adding Rs 8,00,000/- as profit.
7- Output CGST @ 10% & SGST @ 10%. Calculate Tax Liability.
Ques. 14 M/s A is engaged in manufacturing of a product & he furnishes you the following
details :
1- Raw Material purchased A for Rs 1,00,000/- plus GST @ 20%. Page22
2- Raw Material Purchase B for Rs 2,00,000/- plus IGST @ 20%

Central Goods & Services Tax Act, 2017