(With GST) Raghav Bros. of Amritsar consigned 100 cases of garments @ 500 each (Market value 800 plus
GST @ 12% to Rhythm of Jaipur. The Consignor pays 1.000 for insurance, 7800 for freight and 700 for packing expenses. Rhythm sent an account sales showing gross proceeds of 792.000 (AH being intra state sales) Rhythm incurred 100 as carriage, 250 ås show room salaries and 7650 as godown expenses. Rhythm is entitled to a commission of 6 per cent (GST rate on commission 18). Rhythm remitted the balance amount due to Raghav Bros, by a cheque.
Pass Journal entries in the books of both the parties.
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