Question

Purchased goods of 100000 at rate 18% gst out of which cheque is issued of 60000 pass a journal entry

Answer 1

Answer:-

Purchase A/C.........Dr. 100000

Input SGST A/C......Dr. 9000

Input CGST A/C......Dr. 9000

To bank A/C. 60000

To creditors A/C 58000

(Being purchased goods@18%Gst half amount paid by cheque.)

working note:-

GST rate = 18%

SGST rate=9%

CGST rate=9%

Amount of GST=18000

CGST amount=9000

SGST amount=9000

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