Practice Goods and Services Tax (GST) - 2.5 | 2. Commercial Mathematics | ICSE Class 9 Maths
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2.5 - Goods and Services Tax (GST)

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Learning

Practice Questions

Test your understanding with targeted questions related to the topic.

Question 1

Easy

What is GST?

💡 Hint: Think about what the tax applies to.

Question 2

Easy

What do you call the tax that businesses can recover on purchases?

💡 Hint: This is the tax paid on goods bought by businesses.

Practice 4 more questions and get performance evaluation

Interactive Quizzes

Engage in quick quizzes to reinforce what you've learned and check your comprehension.

Question 1

What does GST stand for?

  • Goods and Service Tax
  • General Sales Tax
  • Goods and Services Tax

💡 Hint: Think of what the tax applies to in the commerce context.

Question 2

True or False: Output GST is the tax paid on purchases.

  • True
  • False

💡 Hint: Remember the difference between Input and Output GST.

Solve 2 more questions and get performance evaluation

Challenge Problems

Push your limits with challenges.

Question 1

A retailer sells a product for 1000 with a GST rate of 18%. Calculate the total price including GST and the GST amount.

💡 Hint: Remember the formula for calculating GST.

Question 2

If a company has 400 in Input GST and charges 800 in Output GST, how much GST will they remit to the government and what could that imply for their financial health?

💡 Hint: Think of how businesses leverage Input and Output GST for their accounts.

Challenge and get performance evaluation