Question

Pass entries in the books of Sh. Jagdish Mishra of Lucknow (U.P.) assuming CGST @ 6% and SGST @ 6%:

2018
March 5	Purchased goods for ₹ 2,50,000 from Virender Yadav of Patna (Bihar).
March 12	Sold goods costing ₹ 60,000 at 50% profit to Partap Sinha of Ranchi (Jharkhand).
March 14	Purchased goods for ₹ 70,000 from Ram Nath of Kanpur (U.P.) against cheque.
March 18	Sold goods at Varanasi (U.P.) Costing ₹ 2,25,000 at $33\frac{1}{3}\%$ profit less trade discount 10% against cheque which was deposited into bank.
March 20	Paid rent ₹ 25,000 by cheque.
March 31	Payment made of balance amount of GST.

Answer 1

Journal
Date	Particulars		L.F.	Debit Amount (₹)	Credit Amount (₹)
Mar 05	Purchases A/c	Dr.		2,50,000
	Input IGST A/c			30,000
	To Virender Yadav A/c				2,80,000
	(Purchased goods on credit)
Mar 12	Partap Sinha A/c	Dr.		1,00,800
	To Sales A/c				90,000
	To Output IGST A/c				10,800
	(Sold goods on credit)
Mar 14	Purchases A/c	Dr.		70,000
	Input CGST A/c	Dr.		4,200
	Input SGST A/c	Dr.		4,200
	To Bank A/c				78,400
	(Purchased goods against cheque)
Mar 18	Bank A/c	Dr.		3,02,400
	To Sales A/c				2,70,000
	To Output CGST A/c				16,200
	To Output SGST A/c				16,200
	(Sold goods against cheque)
Mar 20	Rent A/c	Dr.		25,000
	Input CGST A/c	Dr.		1,500
	Input SGST A/c	Dr.		1,500
	To Bank A/c				28,000
	(Paid rent by cheque)
Mar 31	Output IGST A/c	Dr.		10,800
	To Input IGST A/c				10,800
	(Input tax credit availed)
Mar 31	Output CGST A/c	Dr.		16,200
	To Input CGST A/c				5,700
	To Input IGST A/c				10,500
	(Input tax credit availed)
Mar 31	Output SGST A/c	Dr.		16,200
	To Input SGST A/c				5,700
	To Input IGST A/c				8,700
	To Bank A/c				1,800
				8,32,800	8,32,800