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DETAILS OF PURCHASES :
A LTD
Bill to:- My Co
| Particular | Amount |
| PLASTIC | 60000 |
| 20000 KG*30 | |
| CGST 9% | 5400 |
| SGST 9% | 5400 |
| TOTAL | 70800 |
DETAILS OF SALES
MY CO
Bill to:- X Ltd
| Particular | Amount |
| PLASTIC | 90000 |
| 15000 KG*60 | |
| CGST 9% | 8100 |
| SGST 9% | 8100 |
| TOTAL | 106200 |
ENTRIES FOR LOCAL SALES AND PURCHASE IN GST
ENTRY FOR PURCHASE :-
View AnswerPurchase Local Plastic A/cDr 60000
Input CGST 9% Dr 5400
Input SGST 9% Dr 5400
To A Ltd 70800
ENTRY FOR SALES:-
View AnswerX LTD Dr 106200
To Sales Local Plastic 90000
To Output CGST 9% 8100
To Output SGST 9% 8100
ENTRY FOR ADJUSTMENT OF OUTPUT AND INPUT CGST,ASSUME THERE IS OPENING BALANCE OF 2400 IN CGST PMT-04 ELECTRONIC CREDIT REGISTER. Pass Entry
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Output CGST 9% 8100
To Electronic Credit Register CGST(PMT-02) 2400
To Input CGST 9% 5400
To CGST Payable 300
-ea-
ENTRY FOR ADJUSTMENT OF OUTPUT AND INPUT SGST,ASSUME THERE IS OPENING BALANCE OF 1200 IN SGST PMT-04 ELECTRONIC CREDIT REGISTER. Pass Entry
-a-
Output SGST 9% 8100
To Electronic Credit Register CGST(PMT-02) 1200
To Input SGST 9% 5400
To CGST Payable 1500
-ea-
