14. From the following transactions write journal entries in the books of Shri Ashutoshbhai Shah of Ahmedabad.
Following GST rates are applicable to business transactions of Shri Ashutoshbhai.
Particulars of GST On goods On services
CGST 6% 2.5%
SGST 6% 2.5%
IGST 12% 5.0%
2019
May 1 Goods of ₹40000 purchased at 10% trade discount from Saileshbhai of Himmatnagar. The payment is
Made by cheque.
12 Goods of ₹ 10000 sold at 12% trade discount to Pravinbhai of Amritsar (Punjab).
22 A machine of ₹ 50000 is purchased for business from Jay and Brothers of Mumbai (Maharastra).
25 Advertisement expenses of ₹ 6000 is paid by cheque
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IGST % 1.2 5.0 diaoajxae few wosudhsnaaoaoa
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