purchased good on credit Rs.20000 plus Input CGST and Input SGST each @9% journ
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Journal entry for the given transaction :-
Purchase A/c . . . Dr - 20,000
Input CGST A/c . . . Dr - 1,800
Input SGST A/c . . . Dr - 1,800
To creditor - 23,600
Narration :-
Being goods purchased along with GST 18%
Calculation of GST :-
CGST @ 9% = 9% of 20,000 = 1,800
SGST @ 9% = 9% of 20,000 = 1,800
Total amount credited = GST + purchases
=> 1,800 + 1,800 + 20,000 = 23,600
Learn More:
Journal entry for 'purchased furniture for ₹2000 plus CGST and SGST @6% each
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