Question

Pass necessary Journal entries in the books of Raghav assuming CGST @ 9%, SGST @ 9% & IGST @ 18%. 1. Raghav, who is registered in West Bengal, purchased goods from Shiv of Jharkhand for Rs 1,00,000 2. He sold the goods to Mahadeb of West Bengal for Rs 1,20,000 3. He paid transportation charges Rs 500 4. He bought furniture for Rs 5,000 5. He paid electricity bill of Rs 1,500 Also show the entry for set off of GST and the payment entry of settlement, if any. Note that electricity bill is not subject to GST.

Answer 1

Answer:

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