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Q3 of 55 Page 109

A ready-made garment shopkeeper gives 5% discount on the dress of Rs. 1000 and charges 5% GST on the remaining amount, then what is the purchase price of the dress for the customer?

Printed price of shirt = Rs. 1000


Rate of discount = 5%


Discount given =


Discounted price = (1000-50) = Rs. 950


Rate of GST = 5%


Total GST =


⇒ Total GST =


Purchase Price = (950 + 47.5) = Rs. 997.50


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1

Write the correct alternative for each of the following.

When a registered dealer sells goods to another registered dealer under GST, then this trading is termed as . . .

2

A dealer has given 10% discount on a showpiece of Rs. 25,000. GST of 28% was charged on the discounted price. Find the total amount shown in the tax invoice. What is the amount of CGST and SGST?

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5

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Questions · 55
4. Financial Planning
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