Question

paid for advertisement rs 40,000 by cheque with cgst and sgst of 9% pass journal entry

Answer 1

hey mate here is your answer

sgst(9%) --> 3,600

cgst(9%) --> 3,600

journal entry for this will be

advertisement a/C dr. 40,000

input sgst a/C. dr. 3,600

input cgst a/C dr. 3,600

to cash a/C 47,200

(being cash paid for advertisement and 18% gst paid)

Answer 2

Answer:

Explanation:

      In the books of journal Entry  

   particulars                                      Amount         Amount

Advertisement A/C Dr.                       40000

                    To, bank A/C                                        32800                                      

                    To, cgst A/C                                          3600

                    To, sgst A/C                                          3600

[ being paid for advertisement with gst @ 18% ]

workings:-

cgst = 40000 * 9% = 3600

sgst = 40000 * 9% = 3600

So, paid to bank by cheque = 40000 - ( 3600 + 3600 ) = 32800