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The SGST paid by a customer to the shopkeeper for an article which is priced at ₹ 500 is ₹ 15. The rate of GST charged is ______.

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Question

The SGST paid by a customer to the shopkeeper for an article which is priced at ₹ 500 is ₹ 15. The rate of GST charged is ______.

Options

  • 1.5%

  • 3%

  • 5%

  • 6%

MCQ
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Solution

The SGST paid by a customer to the shopkeeper for an article which is priced at ₹ 500 is ₹ 15. The rate of GST charged is 6%.

Explanation:

SGST is half of the total GST.

Since SGST = ₹ 15 on ₹ 500,

SGST rate = 3%,

so the total GST rate is 3% + 3% = 6%.

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Chapter 1: GST [Goods and Service Tax] - TEST YOURSELF [Page 14]

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Selina Concise Mathematics [English] Class 10 ICSE
Chapter 1 GST [Goods and Service Tax]
TEST YOURSELF | Q 1. (d) | Page 14
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