Question

Pass entries in the books of all parties in the following cases assuming CGST @ 6% and SGST @ 6%:

2018
March 1	Mahesh Chandra of Bihar purchased goods for ₹ 1,00,000 from Sunil Soren of Jharkhand and sold the same to Deepak Patnaik of Odisha for ₹ 1,50,000.
March 5	Deepak Patnaik sold goods to Suresh Yadav of Odisha for ₹ 1,80,000.
March 10	Suresh Yadav sold goods to Ravi Chakravarti of West Bengal for ₹ 2,50,000.
March 14	Ravi Chakravarti sold goods costing ₹ 2,50,000 to Sanjay Diwedi of West Bengal at a profit of 40% on cost.

Answer 1

(a)

Journal of Mahesh Chand, Bihar
Date	Particulars		L.F.	Debit Amount (₹)	Credit Amount (₹)
2018
Mar 01	Purchases A/c	Dr.		1,00,000
	Input IGST A/c			12,000
	To Sunil Soren				1,12,000
	(Purchased goods plus 12% IGST)
Mar 01	Deepak Patnaik	Dr.		1,68,000
	To Sales A/c				1,50,000
	To Output IGST A/c				18,000
	(Sold goods plus 12% IGST)
Total				2,80,000	2,80,000

(b)

Journal of Sunil Soren, Jharkhand
Date	Particulars		L.F.	Debit Amount (₹)	Credit Amount (₹)
2018
Mar 01	Mahesh Chand	Dr.		1,12,000
	To Sales A/c				1,00,000
	To Output IGST A/c				12,000
	(Sold goods plus 12% IGST)
Total				1,12,000	1,12,000

(c)

Journal of Deepak Patnaik, Odisha
Date	Particulars		L.F.	Debit Amount (₹)	Credit Amount (₹)
2018
Mar 01	Purchases A/c	Dr.		1,50,000
	Input IGST A/c			18,000
	To Mahesh Chand				1,68,000
	(Purchased goods plus 12% IGST)
Mar 05	Suresh Yadav	Dr.		2,01,600
	To Sales A/c				1,80,000
	To Output CGST A/c				10,800
	To Output SGST A/c				10,800
	(Sold goods plus 6% CGST and SGST each)
Total				3,69,600	3,69,600

(d)

Journal of Suresh Yadav, Odisha
Date	Particulars		L.F.	Debit Amount (₹)	Credit Amount (₹)
2018
Mar 05	Purchases A/c	Dr.		1,80,000
	Input CGST A/c			10,800
	Input SGST A/c			10,800
	To Deepak Patnaik				2,01,600
	(Purchased goods plus 12% IGST)
Mar 10	Ravi Chakravarti	Dr.		2,80,000
	To Sales A/c				2,50,000
	To Output IGST A/c				30,000
	(Sold goods plus 12% IGST)
Total				4,81,600	4,81,600

(e)

Journal of Ravi Chakravarti, West Bengal
Date	Particulars		L.F.	Debit Amount (₹)	Credit Amount (₹)
2018
Mar 10	Purchases A/c	Dr.		2,50,000
	Input IGST A/c			30,000
	To Suresh Yadav				2,80,000
	(Purchased goods plus 12% IGST)
Mar 14	Sanjay Diwedi	Dr.		3,92,000
	To Sales A/c				3,50,000
	To Output CGST A/c				21,000
	To Output SGST A/c				21,000
	(Sold goods costing ₹. 2,50,000 at 40% Profit plus 6% CGST and SGST each)
Total				6,72,000	6,72,000