Question

Fill in the following assuming GST rate is 12%. Purchases alc dr. ..
input IGST a/c dr. 30,000
To shyam's a/c
(purchased goods from Shyam)​

Answer 1

Answer:

IGST rate is 12% of purchase amount

and IGST Amount is 30000

Let purchase amount be 100

so purchase amount is 30000*100/12= 250000

so final entry is

Purchase account dr 250000

Input IGST a/c. dr. 30000

To Shyam'a/c. 280000