DETAILS OF PURCHASES
A LTD Bill to:- My Co
Bill to:- My Co
| Particular | Amount |
| PLASTIC | 100000 |
| 20000 KG*50 | |
| CGST 9% | 9000 |
| SGST 9% | 9000 |
| TOTAL | 118000 |
DETAILS OF SALES
MY CO Bill to:- X Ltd
Bill to:- X Ltd
| Particular | Amount |
| PLASTIC | 160000 |
| 20000 KG*80 | |
| CGST 9% | 14400 |
| SGST 9% | 14400 |
| TOTAL | 188800 |
ENTRY FOR PURCHASE :-
-a-
Purchase Local Plastic A/cDr 100000
Input CGST 9% Dr 9000
Input SGST 9% Dr 9000
To A Ltd 118000
ENTRY FOR SALES :-
-a-
X LTD Dr 188800
To Sales Local Plastic 160000
To Output CGST 9% 14400
To Output SGST 9% 14400
-ea-
ENTRY FOR ADJUSTMENT OF OUTPUT AND INPUT CGST
-a-
Output CGST 9% 14400
To Input CGST 9% 9000
To CGST Payable 5400
-ea-
ENTRY FOR ADJUSTMENT OF OUTPUT AND INPUT SGST
-a-
Output SGST 9% 14400
To Input SGST 9% 9000
To SGST Payable 5400
-ea-
Suppose Amount Deposited in Electronic Cash ledger(GST PMT-05) Rs 11500. Pass Entry
-a-
Electronic Cash ledger(GST PMT-05) A/c Dr 11500
To Bank 11500
-ea-
GST Liability adjusted Against Electronic Cash ledger(GST PMT-05). Pass Entry
-a-
CGST Payable Dr 5400
To Electronic Cash Ledger(GST PMT-05) 5400
SGST Payable Dr 5400
To Electronic Cash Ledger(GST PMT-05) 5400
-ea-
Entry for Balance Left in GST PMT-05. Pass Entry
-a-
- Balance Left in GST PMT-05=11500-5400-5400=700
- No Entry will be passed for the same
-
It will be used for Adjusting GST Payable for the next period
-ea-
