Accounting Procedure-Inter State (For Sale of Goods)|Adjustment of IGST, CGST and SGST|Questions

Accounting Procedure-Intra State (Questions)

Accounting Procedure-Intra State|Questions

Accounting Procedure (For Purchase of Goods)|For Sale of Goods|For Purchase of Assets|For Expenses incurred Outside the State|Adjustment of IGST, CGST and SGST|Questions

GST not Levied|Accounting Procedure-Intra State (Questions)

On 1st March, 2019, Shri Kailash Chand, Lucknow commenced business with cash Rs. 50,000. The following are his transactions for the month of March, 2019. Record them in proper books, post them to the Ledger and take out a Trial Balance: Transactions marked with (*) are intra-state transactions subject to CGST and SGST @ 6% each. Transactions marked with (**) are inter-state transactions subject to IGST @ 12%.

On 1st January, 2019, Ram of Kolkata commenced business with a capital of Rs. 50,000 and entered into following transactions: Pass the following transactions through proper books to the Ledger. Take out a Trial Balance as on 31st January, 2019. The Cash Book must be balanced. Transactions marked with (*) are intra-state transactions subject to CGST and SGST @ 6% each. Transactions marked with (**) are inter-state transactions subject to IGST @ 12%.

There are three dealers A,B and C in Maharashtra. Suppose, the trade of each of them in september 2018 was as shown in the following table. The rate of GST on each transaction was 5%. Read the table and answer the questions below it . (i) What was the total amount of sale of the articles by the dealer A ? (ii) For how much amount did the dealer B buy the articles ? (iii) How much is the balance of CGST and SGST left with the government that was paid by A ?

Prasad purchased a washing machine from Maharashtra Electronic Goods The discount of 5% was given on the printed price of Rs 40000 The rate of GST chrged was 28 % find the purchased price of the washing machine for prasad also find the amount of CGST and SGST shown in the tax invoice

R. Chetan, Kolkata has the following balances in his books on 1st March, 2019: Cash Rs. 15,400, Cash at Bank Rs. 82,500, Stock Rs. 1,92,500, Plant and Machinery Rs. 4,40,000. Sundry Debtors: Rajesh Rs. 27,500, James Rs. 13,750. Sundry Creditors: Rao Rs. 19,250, Samanta, Rs. 35,750, Capital Rs. 7,16,650. The following are the transactions for the month of March, 2019: Transactions marked with (*) are intra-state transactions subject to CGST and SGST @ 6% each. Transactions marked with (**) are inter-state transactions subject to IGST @ 12%. Record these transactions in his subsidiary books, post to the Ledger and prepare a Trial Balance as on 31st March, 2019.