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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 :-

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ENTRY FOR SALES:-

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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

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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-

  1. Accounts and Finance
  2. Accounts with Taxes
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About the Author

CA Maninder Singh's photo - Expert in Practical Accounts, Taxation and Efiling
CA Maninder Singh
CA Maninder Singh is a Chartered Accountant for the past 7 years. He provides courses for Practical Accounts, Taxation and Efiling at teachoo.com .
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