Prepare Returns Inward and Returns Outward Books from the following in the books of Modern Shoes, Kolkata (West Bengal) assuming CGST @ 6% and SGST @ 6% :-

2018

January 3 Returned to Bata Shoe Co., Kolkata

50 pairs of Chappals being not up to the approved sample @ ₹ 600 per pair

Less: Trade Discount 20%

10 Guru Nanak & Co., Kolkata, returned to us :-

10 pairs of Shoes, for being defective @ ₹ 1,200 per pair

Less: Trade Discount 10%

15 Returned to Baluja Shoe Co., Kolkata

20 pairs of ladies chappals @ ₹ 500 per pair

Less: 15%

22 Partap Footwear Co., Patna (Bihar), returned to us :-

50 pairs of Shoes @ ₹ 1,400 per pair

Less: 5%

27 Manoj Shoe Co., Kolkata, returned to us :-

20 pairs of Sandals @ ₹ 1,000 per pair

31 Returned to Liberty Shoe Co., Ranchi (Jharkhand) defective shoes worth ₹ 5,000.

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Solution

Returns Outward Book of Modern Shoes, Kolkata (West Bengal)

Date Particulars Debit Note No. L.F. Details (₹) Purchases
Return
(₹) Input CGST
(₹) Input SGST
(₹) Input IGST
(₹) Total Amount
(₹)

2018

Jan. 03 Bata Shoe Co., Kolkata

50 pairs of Chappals @ Rs 600 per pair
30,000

Less: 20% Trade Discount
6,000

24,000

Add: 6% CGST 1,440

6% SGST 1,440

26,880 24,000 1,440 1,440 - 26,880

Jan. 15 Baluja Shoe Co., Kolkata

20 pairs of Ladies Chappals @ Rs 500 per pair
10,000

Less: 15% Trade Discount
1,500

8,500

Add: 6% CGST 510

6% SGST 510

9,520 8,500 510 510 - 9,520

Jan. 31 Liberty Shoe Co.,Ranchi (Jharkhand)

Defective Shoes 5,000

Add:12% IGST
600

5,600 5,000 - - 600 5,600

Jan. 31 37,500 1,950 1,950 600 42,000

Returns Inward Book of Modern Shoes, Kolkata (West Bengal)

Date Particulars Credit Note No. L.F. Details (₹) Sales Return (₹) Output CGST
(₹) Output SGST
(₹) Output IGST
(₹) Total Amount
(₹)

2017

Jan. 10 Guru Nanak & Co., Kolkata

10 pairs of Shoes @ Rs 1,200 per pair
12,000

Less: 10% Trade Discount
1,200

10,800

Add: 6% CGST 648

6% SGST 648

12,096 10,800 648 648 - 12,096

Jan. 22 Partap Footwear Co., Patna (Bihar)

50 pairs of Shoe @ Rs 1,400 per pair
70,000

Less: 5% Trade Discount
3,500

66,500

Add:12% IGST 7,980

74,480 66,500 - - 7,980 74,480

Jan. 27 Manoj Shoe Co., Kolkata

20 pairs of Sandals @ Rs 1,000 per pair 20,000

Add: 6% CGST 1,200

6% SGST
1,200

22,400 20,000 1,200 1,200 - 22,400

Jan. 31 97,300 1,848 1,848 7,980 1,08,976

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Q. Prepare Returns Inward and Return Outward Books of Manoj, Mumbai from the following transactions and post them into Ledger Accounts:

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	100 pairs of Chappals being not up to the approved sample. They were purchased @ ₹ 300 per pair
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March 12	Baluja Shoes Co., Mumbai, returned 12 pairs of ladies chappals sold to them @ ₹ 4,000 per pair
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2018
January 3	Returned to Bata Shoe Co., Kolkata
	50 pairs of Chappals being not up to the approved sample @ ₹ 600 per pair
	Less: Trade Discount 20%
10	Guru Nanak & Co., Kolkata, returned to us :-
	10 pairs of Shoes, for being defective @ ₹ 1,200 per pair
	Less: Trade Discount 10%
15	Returned to Baluja Shoe Co., Kolkata
	20 pairs of ladies chappals @ ₹ 500 per pair
	Less: 15%
22	Partap Footwear Co., Patna (Bihar), returned to us :-
	50 pairs of Shoes @ ₹ 1,400 per pair
	Less: 5%
27	Manoj Shoe Co., Kolkata, returned to us :-
	20 pairs of Sandals @ ₹ 1,000 per pair
31	Returned to Liberty Shoe Co., Ranchi (Jharkhand) defective shoes worth ₹ 5,000.

Returns Outward Book of Modern Shoes, Kolkata (West Bengal)
Date	Particulars	Debit Note No.	L.F.	Details (₹)	Purchases Return (₹)	Input CGST (₹)	Input SGST (₹)	Input IGST (₹)	Total Amount (₹)
2018
Jan. 03	Bata Shoe Co., Kolkata
	50 pairs of Chappals @ Rs 600 per pair			30,000
	Less: 20% Trade Discount			6,000
				24,000
	Add: 6% CGST			1,440
	6% SGST			1,440
				26,880	24,000	1,440	1,440	-	26,880

Jan. 15	Baluja Shoe Co., Kolkata
	20 pairs of Ladies Chappals @ Rs 500 per pair			10,000
	Less: 15% Trade Discount			1,500
				8,500
	Add: 6% CGST			510
	6% SGST			510
				9,520	8,500	510	510	-	9,520

Jan. 31	Liberty Shoe Co.,Ranchi (Jharkhand)
	Defective Shoes			5,000
	Add:12% IGST			600
				5,600	5,000	-	-	600	5,600
Jan. 31					37,500	1,950	1,950	600	42,000

Returns Inward Book of Modern Shoes, Kolkata (West Bengal)
Date	Particulars	Credit Note No.	L.F.	Details (₹)	Sales Return (₹)	Output CGST (₹)	Output SGST (₹)	Output IGST (₹)	Total Amount (₹)
2017
Jan. 10	Guru Nanak & Co., Kolkata
	10 pairs of Shoes @ Rs 1,200 per pair			12,000
	Less: 10% Trade Discount			1,200
				10,800
	Add: 6% CGST			648
	6% SGST			648
				12,096	10,800	648	648	-	12,096

Jan. 22	Partap Footwear Co., Patna (Bihar)
	50 pairs of Shoe @ Rs 1,400 per pair			70,000
	Less: 5% Trade Discount			3,500
				66,500
	Add:12% IGST			7,980
				74,480	66,500	-	-	7,980	74,480

Jan. 27	Manoj Shoe Co., Kolkata
	20 pairs of Sandals @ Rs 1,000 per pair			20,000
	Add: 6% CGST			1,200
	6% SGST			1,200
				22,400	20,000	1,200	1,200	-	22,400
Jan. 31					97,300	1,848	1,848	7,980	1,08,976