Question

Mr. X of Delhi sold goods costing ₹ 50,000 to Mr. Y of Punjab. GST is levied @12%. Output CGST A/c will be credited with ₹ 6,500. *

Answer 1

Are you sure you want to be getting the sorry but no

Answer 2

Answer of the given question

Explanation:

• As Mr. X is of Delhi State and Mr. Y (customer) is of Punjab State , IGST will be levied on the sale.

• So, The entry will be:-

        Mr. Y's A/c                          Dr.                   56,000      

        To Sales A/c                                                                    50,000

        To Output IGST @12%                                                      6,000  

      ( Being goods sold to Mr. Y)  

• Hence , Output IGST A/c will be credited with Rs.6,000