030 Lecture : GST COURCE TALLY9- GST on Service Step by step, Easy and Understandable

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amitttmondal123

28 Jul 2022

School

ICFAI University - Raipur

Department

Economics

Course

030

Professor

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F11 > f3 > statutory & taxation features. Enable goods and services tax (gst) > yes. : no: rd creditor (party) under sundry creditors. > not applicable: purchase gst maintenance@18% under purchase account. : service: input sgst under duties & taxes. : 1: input cgst under duties & taxes. Purchase entry mode change particulars (alt+1: purchase entry (f9) Party"s name : sg creditor ( intra state) Accounts info ledger create { for sales ( intra-state) same state: sg debtors (party) under sundry debtors. : service: output sgst under duties & taxes. : 1: output cgst under duties & taxes. : 1: sales entry (f8) (same state ) Display statutory report gst: gst-1 (for sale , gst-2 for purchase ) Account info ledger create { for purchase ( intra state ) one. State to another state: sg creditors interstate ( party ) : not applicable: purchase gst on maintenance interstate. : service: input igst under duties & taxes.

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The components of GDP in the accompanying table were produced by the Bureau of Economic Analysis. Category Components of GDP in 2013 (billions of dollars)

Consumer spending

Durable goods $1,263.0

Nondurable goods 2,622.9

Services 7,615.7

Private investment spending

Fixed investment spending 2,564.0

Nonresidential 2,047.1

Structures 456.4

Equipment and intellectual property products 1,590.7

Residential 516.9

Change in private inventories 106.1

Net exports

Exports 2,259.9

Imports 2,757.2

Government purchases of goods and services and investment spending

Federal 1,245.9

National defense 770.7

Nondefense 475.1

State and local 1,879.6

1) Calculate 2013 consumer spending.

2) Calculate 2013 private investment spending.

3) Calculate 2013 net exports.

4) Calculate 2013 government purchases of goods and services and government investment spending.

5) Calculate 2013 gross domestic product.

6) Calculate 2013 consumer spending on services as a percentage of total consumer spending.

7) Calculate 2013 exports as a percentage of imports.

8) Calculate 2013 government purchases on national defense as a percentage of federal government purchases of goods and services.

greenserval409

5. Given the following data for an economy, compute the value of GDP.

Note: There may be more pieces of information than you need to answer this question. All numbers are in billions of dollars.

Consumption expenditures =1,000
Imports =625
Government purchases of goods and services =700
Construction of new homes and apartments= 500
Sales of existing homes and apartments =600
Exports=500
Government payments to retirees= 200
Household purchases of durable goods= 300
Beginning-of-year inventory=500
End-of-year inventory =600
Business fixed investment= 300

viridianmouse600

The City of Ithaca, New York is considering two proposals to provide its city government with the service of computer maintenance. First, a national computer maintenance and sales franchise has offered to purchase the city's computer equipment at an attractive price in return for an exclusive franchise on computer maintenance. A second proposal would allow several small companies to provide the service without any exclusive franchise agreement or competitive restrictions. Under this plan, individual companies would bid for the right to provide service in a given department. The city would then allocate business to the lowest bidder. The city has conducted a survey of its department to estimate the amount they would be willing to pay for various amounts of computer maintenance. The city has also estimated the total cost of service per department. Service costs are expected to be the same whether or not an exclusive franchise is granted.

A. Use the indicated price and cost data to complete the following table.

Hours of Computer Maintenance per month	Price Per Hour	Total Cost	Marginal Cost
0	$75	$0	$50
1	$72.50		$50
2	$70		$50
3	$67.50		$50
4	$65		$50
5	$62.50		$50
6	$60		$50
7	$57.50		$50
8	$55		$50
9	$52.50		$50
10	$50		$50

B. Determine price and the level of service if competitive bidding results in a perfectly competitive price/output combination.

C. Determine price and the level of service if the city grants a monopoly franchise.

coffeeox753

030 Lecture : GST COURCE TALLY9- GST on Service Step by step, Easy and Understandable

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