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ICSE Class 10  >  Class 10 Notes  >  Mathematics   >  Critical Thinking Questions: Goods and Services Tax

Critical Thinking Questions: Goods and Services Tax

Statements Based Questions

Q1: A dealer in Karnataka sells goods worth ₹3000 to a consumer within the same state with a GST rate of 12%. Calculate the correct distributions of GST:
Statement 1: Central Government receives ₹180 as CGST. 
Statement 2: State Government receives ₹180 as SGST. 
Statement 3: The dealer collects a total of ₹360 as GST from the consumer.
(a) Only 1 
(b) Only 2 
(c) Only 1 and 2 
(d) All 1, 2, and 3

Q2: Which of the following statements correctly describe the types of GST?
Statement 1: IGST is levied on goods and services supplied within the same state. 
Statement 2: SGST and UTGST are levied on inter-state supplies. 
Statement 3: CGST and SGST/UTGST are equally divided in the case of intra-state supplies.
(a) Only 1 
(b) Only 3 
(c) Only 2 and 3
(d) None of the above

Q3: A shopkeeper buys an article whose printed price is ₹4000 from a wholesaler at a discount of 20% and sells it to a consumer at the printed price. If the GST rate is 12%, what is the amount of tax (under GST) received by the State Government?
Statement 1: The shopkeeper pays ₹480 as SGST. 
Statement 2: The Central Government receives ₹240 as CGST. 
Statement 3: The consumer pays a total of ₹4480 for the article.
(a) Only 1 
(b) Only 2 
(c) Only 1 and 2 
(d) None of the above

Q4: A manufacturer sells a TV to a retailer at a 20% profit. If the cost price for the manufacturer is ₹25,000, what is the marked price set by the retailer?
Statement 1: The retailer sets the marked price to ₹30,000. 
Statement 2: The marked price includes a GST of 12%. 
Statement 3: The marked price is exclusive of GST.
(a) Only 1 
(b) Only 1 and 3 
(c) Only 2 
(d) All 1, 2, and 3

Q5: If dealer A then sells the article to dealer B at a 12% discount, and the GST rate is 18%, what is the cost price of the article inclusive of tax for dealer B?
Statement 1: The cost price before tax is ₹52,800. 
Statement 2: The GST amount is ₹9,504. 
Statement 3: The price inclusive of tax is ₹56,252.
(a) Only 1 
(b) Only 1 and 2 
(c) Only 3 
(d) None of the statements are correct.

Q6: For an article priced at ₹60,000, if the manufacturer offers a 25% discount to dealer A, what is the GST collected by the manufacturer from dealer A?
Statement 1: The GST collected is ₹4,050. 
Statement 2: The selling price to dealer A is ₹45,000. 
Statement 3: The price inclusive of tax paid by dealer A is ₹49,050.
(a) Only 2 
(b) Only 1 and 2 
(c) Only 1 and 3 
(d) Only 3

Q7: If dealer B sells the article to a consumer at 5% above the printed price, what is the total amount paid by the consumer including GST?
Statement 1: The selling price before tax is ₹63,000. 
Statement 2: The amount of GST is ₹11,340. 
Statement 3: The total price paid by the consumer is ₹74,340.
(a) Only 1 and 3 
(b) Only 2 
(c) Only 1 
(d) All 1, 2, and 3

Q8: A carpet has a printed price of ₹2500, and a wholesaler in West Bengal buys it at a 12% discount. The GST rate on the carpet is 5%. Calculate the cost price to the wholesaler and the GST paid by the wholesaler to the Government.
Statement 1: The cost price of the carpet to the wholesaler is ₹2200. 
Statement 2: The GST paid by the wholesaler to the Government is ₹110. 
Statement 3: The price inclusive of tax which the wholesaler bought the carpet is ₹2310.
(a) Only 1 
(b) Only 2 
(c) Only 1 and 2 
(d) All 1, 2, and 3

Q9: The price of a bicycle is ₹3116 inclusive of tax at 12% on its listed price. Calculate the listed price and the discount needed for the seller to maintain the inclusive tax price after the discount.
Statement 1: The listed price of the bicycle is ₹2800. 
Statement 2: The discount needed for the deal is ₹300. 
Statement 3: The new selling price including GST is ₹2800.
(a) Only 1 
(b) Only 1 and 2 
(c) Only 2 and 3 
(d) All 1, 2, and 3

Q10: A shopkeeper sells an article at the listed price of ₹1500 with an 18% GST rate for intra-state sales. If the CGST and SGST are 9% each, calculate the GST amounts and the total amount paid by the shopkeeper to the Central Government.
Statement 1: The CGST paid by the shopkeeper is ₹135. 
Statement 2: The total GST amount collected from the consumer is ₹270. 
Statement 3: The amount of tax paid by the shopkeeper to the Central Government is ₹135.
(a) Only 1 
(b) Only 2 
(c) Only 1 and 2 
(d) All 1, 2, and 3

The document Critical Thinking Questions: Goods and Services Tax is a part of the Class 10 Course Mathematics Class 10 ICSE.
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FAQs on Critical Thinking Questions: Goods and Services Tax

1. What is Goods and Services Tax (GST)?
Ans. Goods and Services Tax (GST) is a comprehensive indirect tax levied on the supply of goods and services in a country. It aims to unify the tax structure by replacing various indirect taxes levied by central and state governments, thereby simplifying the tax compliance process for businesses and consumers.
2. How does GST differ from the previous tax system?
Ans. GST differs from the previous tax system by creating a single tax regime that eliminates the cascading effect of taxes. Unlike the earlier system where multiple taxes such as VAT, service tax, and excise duty were applicable, GST integrates these into a single tax applicable at every stage of the supply chain, thus promoting transparency and efficiency.
3. What are the main components of GST?
Ans. The main components of GST include Central Goods and Services Tax (CGST), State Goods and Services Tax (SGST), and Integrated Goods and Services Tax (IGST). CGST and SGST are applicable on intra-state transactions, while IGST is applicable on inter-state transactions, ensuring seamless movement of goods and services across state borders.
4. What are the benefits of implementing GST?
Ans. The benefits of implementing GST include the simplification of the tax structure, reduction in overall tax burden on consumers, elimination of the cascading effect of taxes, and increased compliance due to a unified tax regime. Additionally, GST helps in improving the ease of doing business by streamlining the tax filing process for companies.
5. Who is responsible for collecting GST?
Ans. The responsibility for collecting GST is shared between the central and state governments. The central government collects CGST, while state governments collect SGST. For inter-state transactions, the central government collects IGST. Businesses registered under GST are responsible for collecting the tax from consumers and remitting it to the respective government authorities.
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Apr 29, 2026 Last updated
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