Question

Pass entries in the books of all parties in
the following cases assuming CGST @ 6%
and SGST @ 6%:2018 (i) March 1 Mahesh
Chandra of Bihar purchased goods for
1,00,000 from Sunil Soren of Jharkhand
and sold the same to Deepak Patnaik of
Odisha for 3 1,50,000. (ii) March 5
Deepak Patnaik sold goods to Suresh
Yadav of Odisha for 3 1,80,000. (iii) March
10 Suresh Yadav sold goods to Ravi
Chakravarti of West Bengal for
2,50,000. (iv) March 14 Ravi Chakravarti
sold goods costing 32,50,000 to Sanjay
Diwedi of West Bengal at a profit of 40%
on cost.
4 Marks​

Answer 1

Answer:

Pass entries in the books of all parties in

the following cases assuming CGST @ 6%

and SGST @ 6%:2018 (i) March 1 Mahesh

Chandra of Bihar purchased goods for

1,00,000 from Sunil Soren of Jharkhand

and sold the same to Deepak Patnaik of

Odisha for 3 1,50,000. (ii) March 5

Deepak Patnaik sold goods to Suresh

Yadav of Odisha for 3 1,80,000. (iii) March

10 Suresh Yadav sold goods to Ravi

Chakravarti of West Bengal for

2,50,000. (iv) March 14 Ravi Chakravarti

sold goods costing 32,50,000 to Sanjay

Diwedi of West Bengal at a profit of 40%

on cost.

4 Marks