Chapters
Chapter 4  Financial Planning
Page 87
‘Pawan Medical’ supplies medicines. On some medicines the rate of GST is 12%, then what is the rate of CGST and SGST?
On certain article if rate of CGST is 9% then what is the rate of SGST? and what is the rate of GST?
‘M/s. Real Paint’ sold 2 tins of lustre paint and taxable value of each tin is Rs 2800. If the rate of GST is 28%, then find the amount of CGST and SGST charged in the tax invoice.
The taxable value of a wrist watch belt is Rs 586. Rate of GST is 18%. Then what is price of the belt for the customer ?
The total value (with GST) of a remotecontrolled toy car is Rs 1770. Rate of GST is 18% on toys. Find the taxable value, CGST and SGST for this toycar.
‘Tiptop Electronics’ supplied an AC of 1.5 ton to a company. Cost of the AC supplied is Rs 51,200 (with GST). Rate of CGST on AC is 14%. Then find the following amounts as shown in the tax invoice of Tiptop Electronics.
1. Rate of SGST
‘Tiptop Electronics’ supplied an AC of 1.5 ton to a company. Cost of the AC supplied is Rs 51,200 (with GST). Rate of CGST on AC is 14%. Then find the following amounts as shown in the tax invoice of Tiptop Electronics.
2) Rate of GST on AC
‘Tiptop Electronics’ supplied an AC of 1.5 ton to a company. Cost of the AC supplied is Rs 51,200 (with GST). Rate of CGST on AC is 14%. Then find the following amounts as shown in the tax invoice of Tiptop Electronics.
(3) Taxable value of AC
Tiptop Electronics’ supplied an AC of 1.5 ton to a company. Cost of the AC supplied is Rs 51,200 (with GST). Rate of CGST on AC is 14%. Then find the following amounts as shown in the tax invoice of Tiptop Electronics
(4) Total amount of GST
‘Tiptop Electronics’ supplied an AC of 1.5 ton to a company. Cost of the AC supplied is Rs 51,200 (with GST). Rate of CGST on AC is 14%. Then find the following amounts as shown in the tax invoice of Tiptop Electronics.
(5) Amount of CGST
‘Tiptop Electronics’ supplied an AC of 1.5 ton to a company. Cost of the AC supplied is Rs 51,200 (with GST). Rate of CGST on AC is 14%. Then find the following amounts as shown in the tax invoice of Tiptop Electronics.
(6) Amount of SGST
Prasad purchased a washingmachine from 'Maharashtra Electronic Goods'. The discount of 5% was given on the printed price of Rs 40,000. Rate of GST charged was 28%. Find the purchase price of washing machine. Also find the amount of CGST and SGST shown in the tax invoice.
Pages 93  94
'Chetana Store' paid total GST of Rs 1,00,500 at the time of purchase and collected GST Rs 1,22,500 at the time of sale during 1^{st }of July 2017 to 31^{st} July 2017. Find the GST payable by Chetana Stores.
Nazama is a proprietor of a firm, registered under GST. She has paid GST of Rs 12,500 on purchase and collected Rs 14,750 on sale. What is the amount of ITC to be claimed ? What is the amount of GST payable ?
Amir Enterprise purchased chocolate sauce bottles and paid GST of Rs 3800. He sold those bottles to Akbari Bros. and collected GST of Rs 4100. Mayank Food Corner purchased these bottles from Akabari Bros and paid GST of Rs 4500. Find the amount of GST payable at every stage of trading and hence find payable CGST and SGST.
Malik Gas Agency (Chandigarh Union Territory) purchased some gas cylinders for industrial use for Rs 24,500, and sold them to the local customers for Rs 26,500. Find the GST to be paid at the rate of 5% and hence the CGST and UTGST to be paid for this transaction. (for Union Territories there is UTGST instead of SGST.)
M/s Beauty Products paid 18% GST on cosmetics worth Rs 6000 and sold to a customer for Rs 10,000. What are the amounts of CGST and SGST shown in the tax invoice issued ?
Particulars  Rate of Mobile Battery  Rs 200 Rate of GST 12% HSN 8507, 1 pc.
Prepare Business to Business (B2B) Tax Invoice as per the details given below. name of the supplier, address, Date etc. as per your choice. Supplier  Name, Address, State, GSTIN, Invoice No., Date
Recipient  Name, Address, State, GSTIN,
Items : (1) Pencil boxes 100, HSN  3924, Rate  Rs 20, GST 12%
(2) Jigsaw Puzzles 50, HSN 9503, Rate  Rs 100 GST 12%.
Pages 102  103
Complete the following table by writting suitable numbers and words.
Sr.No  FV  Share is at  MV 
(1)  Rs 100  par  ... 
(2)  ...  premium Rs 500  Rs 575 
(3)  Rs 10  ...  Rs 5 
Mr.Amol purchased 50 shares of Face Value Rs100 when the Market value of the share was Rs 80. Company had given 20% dividend. Find the rate of return on investment.
Joseph purchased following shares, Find his total investment.
Company A : 200 shares,  FV = Rs 2  Premium = Rs 18 
Company B : 45 shares,  MV = Rs 500  
Company C : 1 share,  MV = Rs 10,540. 
Smt. Deshpande purchased shares of FV Rs 5 at a premium of Rs 20. How many shares will she get for Rs 20,000 ?
Shri Shantilal has purchased 150 shares of FV Rs 100, for MV of Rs 120. Company has paid dividend at 7%. Find the rate of return on his investment.
If the face value of both the shares is same, then which investment out of the following is more profitable ?
Company A : dividend 16%, MV = Rs 80, Company B : dividend 20%, MV = Rs 120.
Page 109
Market value of a share is Rs 200. If the brokerage rate is 0.3% then find the purchase value of the share.
A share is sold for the market value of Rs 1000. Brokerage is paid at the rate of 0.1%. What is the amount received after the sale?
Fill in the blanks given in the contract note of salepurchase of shares.
(B  buy S  sell)
No. of
shares

MV of
shares

Total
value

Brokerage
0.2%

9% CGST
on
brokerage

9% SGST
on
brokerage

Total
value of
shares

100 B  Rs 45  
75 S  Rs 200 
Smt. Desai sold shares of face value Rs 100 when the market value was Rs 50 and received Rs 4988.20. She paid brokerage 0.2% and GST on brokerage 18%, then how many shares did she sell ?
Mr. D'souza purchased 200 shares of FV Rs 50 at a premium of Rs 100. He received 50% dividend on the shares. After receiving the dividend he sold 100 shares at a discount of Rs 10 and remaining shares were sold at a premium of ` 75. For each trade he paid the brokerage of Rs 20. Find whether Mr. D'souza gained or incurred a loss ? by how much ?
Pages 109  111
Write the correct alternative for each of the following.
(1) Rate of GST on essential commodities is ...
(A) 5%
(B) 12%
(C) 0%
(D) 18%
Write the correct alternative for each of the following.(2) The tax levied by the central government for trading within state is ...
(A) IGST
(B) CGST
(C) SGST
(D) UTGST
Write the correct alternative for each of the following.(3) GST system was introduced in our country from ...
(A) 31^{st }March 2017
(B) 1^{st} April 2017
(C) 1^{st }January 2017
(D) 1^{st} July 2017
Write the correct alternative for each of the following.(4) The rate of GST on stainless steel utensils is 18%, then the rate of State GST is ...
(A) 18%
(B) 9 %
(C) 36%
(D) 0.9%
Write the correct alternative for each of the following.
(5) In the format of GSTIN there are ... alphanumerals.
(A) 15
(B)10
(C) 16
( D) 9
Write the correct alternative for each of the following.
(6) When a registered dealer sells goods to another registered dealer under GST, then this trading is termed as ...
(A) BB
(B) B2B
(C) BC
(D) B2C
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 ?
A readymade 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
A trader from Surat, Gujarat sold cotton clothes to a trader in Rajkot, Gujarat. The taxable value of cotton clothes is Rs 2.5 lacs. What is the amount of GST at 5% paid by the trader in Rajkot ?
Smt. Malhotra purchased solar panels for the taxable value of Rs 85,000. She sold them for Rs 90,000. The rate of GST is 5%. Find the ITC of Smt. Malhotra. What is the amount of GST payable by her ?
A company provided Zsecurity services for the taxable value of Rs 64,500. Rate of GST is 18%. Company had paid GST of Rs 1550 for laundry services and uniforms etc. What is the amount of ITC (input Tax Credit) ? Find the amount of CGST and SGST payable by the company.
A dealer supplied WalkyTalky set of Rs 84,000 (with GST) to police control room. Rate of GST is 12%. Find the amount of state and central GST charged by the dealer. Also find the taxable value of the set.
A wholesaler purchased electric goods for the taxable amount of Rs 1,50,000. He sold it to the retailer for the taxable amount of Rs 1,80,000. Retailer sold it to the customer for the taxable amount of Rs 2,20,000. Rate of GST is 18%. Show the computation of GST in tax invoices of sales. Also find the payable CGST and payable SGST for wholesaler and retailer.
Anna Patil (Thane, Maharashtra) supplied vacuum cleaner to a shopkeeper in Vasai (Mumbai) for the taxable value of Rs 14,000, and GST rate of 28%. Shopkeeper sold it to the customer at the same GST rate for Rs16,800 (taxable value) Find the following –
(1) Amount of CGST and SGST shown in the tax invoice issued by Anna Patil.
Anna Patil (Thane, Maharashtra) supplied vacuum cleaner to a shopkeeper in Vasai (Mumbai) for the taxable value of Rs 14,000, and GST rate of 28%. Shopkeeper sold it to the customer at the same GST rate for Rs16,800 (taxable value) Find the following –
(2) Amount of CGST and SGST charged by the shopkeeper in Vasai.
Anna Patil (Thane, Maharashtra) supplied vacuum cleaner to a shopkeeper in Vasai (Mumbai) for the taxable value of Rs 14,000, and GST rate of 28%. Shopkeeper sold it to the customer at the same GST rate for Rs16,800 (taxable value) Find the following –
(3) What is the CGST and SGST payable by shopkeeper in Vasai at the time of filing the return.
For the given trading chain prepare the tax invoice I, II, III, GST at the rate of 12% was chanrged for the article supplied.
(1) Prepare the statement of GST payable under each head by the wholesaler, distributor and retailer at the time of filing the return to the government.
For the given trading chain prepare the tax invoice I, II, III, GST at the rate of 12% was chanrged for the article supplied.
(2) At the end what amount is paid by the consumer ?
For the given trading chain prepare the tax invoice I, II, III, GST at the rate of 12% was chanrged for the article supplied.
(3) Write which of the invoices issued are B2B and B2C ?
Pages 111  112
Write the correct alternative for the following questions.
(1) If the Face Value of a share is Rs 100 and Market value is Rs 75, then which of the following statements is correct ?
(A) The share is at premium of Rs 175
(B) The share is at discount of Rs 25
(C) The share is at premium of Rs 25
(D) The share is at discount of Rs 75
Write the correct alternative for the following questions.
(2) What is the amount of dividend received per share of face value Rs 10 and dividend declared is 50%.
(A) Rs 50
(B) Rs 5
(C) Rs 500
(D) Rs 100
Write the correct alternative for the following questions.
(3) The NAV of a unit in mutual fund scheme is Rs 10.65 then find the amount required to buy 500 such units
(A) 5325
(B) 5235
(C) 532500
(D) 53250
Write the correct alternative for the following questions.
(4) Rate of GST on brokerage is ...
(A) 5%
(B) 12%
(C) 18%
(D) 28%
Write the correct alternative for the following questions.
(5) To find the cost of one share at the time of buying the amount of Brokerage and GST is to be ... the MV of share .
(A) added to
(B) substracted from
(C) Multiplied with
(D) divided by
Find the purchase price of a share of FV Rs 100 if it is at premium of Rs 30. The brokerage rate is 0.3%.
Prashant bought 50 shares of FV Rs 100, having MV Rs 180. Company gave 40% dividend on the shares. Find the rate of return on investment.
Find the amount received when 300 shares of FV Rs 100, were sold at a discount of Rs 30.
Find the number of shares received when Rs 60,000 was invested in the shares of FV Rs 100 and MV Rs 120.
Smt. Mita Agrawal invested Rs 10,200 when MV of the share is Rs 100. She sold 60 shares when the MV was Rs 125 and sold remaining shares when the MV wasRs 90. She paid 0.1% brokerage for each trading. Find whether she made profit or loss ? and how much
Market value of shares and dividend declared by the two companies is given below. Face Value is same and it is Rs 100 for both the shares. Investment in which company is more profitable ?
(1) Company A  Rs 132 , 12%
(2) Company B  Rs 144 , 16%
Shri. Aditya Sanghavi invested Rs 50,118 in shares of FV Rs 100, when the market value is Rs 50. Rate of brokerage is 0.2% and Rate of GST on brokerage is 18%, then How many shares were purchased for Rs 50,118 ?
Shri. Batliwala sold shares of Rs 30,350 and purchased shares of Rs 69,650 in a day. He paid brokerage at the rate of 0.1% on sale and purchase. 18% GST was charged on brokerage. Find his total expenditure on brokerage and tax.
Smt. Aruna Thakkar purchased 100 shares of FV 100 when the MV is Rs 1200. She paid brokerage at the rate of 0.3% and 18% GST on brokerage. Find the following –
(1) Net amount paid for 100 shares.
(2) Brokerage paid on sum invested.
(3) GST paid on brokerage.
(4) Total amount paid for 100 shares.
Smt. Anagha Doshi purchased 22 shares of FV Rs 100 for Market Value of Rs 660. Find the sum invested. After taking 20% dividend, she sold all the shares when market value was Rs 650. She paid 0.1% brokerage for each trading done. Find the percent of profit or loss in the share trading.
(Write your answer to the nearest integer).
Textbook solutions for Class 10th Board Exam
Balbharati solutions for Class 10th Board Exam Algebra chapter 4  Financial Planning
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Concepts covered in Class 10th Board Exam Algebra chapter 4 Financial Planning are Types of Taxes Under GST, Features of GST, Systematic Investment Plan, Mutual Fund  MF, GST on Brokerage Services, Brokerage and taxes on share tradin, Rate of Return  RoR, Comparison of FV and MV, Shares, GST  Tax Invoice, GST  Computation and ITC, GST  Introduction.
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