Q.

1 Solution: JOURNAL OF RAJAN

Date Particulars L.F. Dr. (`) Cr. (`)
(i ) Cash A/c ...Dr. 20,178
Discount Allowed A/c ...Dr. 900
To Sales A/c 18,000
To Output CGST A/c 1,539
To Output SGST A/c 1,539
(Being the goods of list price ` 20,000 sold, charged CGST and SGST
@ 9% each, allowed 10% trade discount and 5% cash discount) (WN 1)
(ii) Mohan ...Dr. 7,399
To Sales A/c 6,270
To Output IGST A/c 1,129
(Being the goods supplied of list price ` 6,600 (i.e., ` 6,000 + 10% of ` 6,000)
plus IGST @ 18%, allowed 5% trade discount (i.e., ` 6,600 – ` 330)) (WN 2)
(iii ) Advertisement/Samples/Sales Promotion Expenses A/c ...Dr. 2,950
To Purchases A/c 2,500
To Input CGST A/c 225
To Input SGST A/c 225
(Being the goods distributed as samples, Input CGST and Input SGST reversed) (WN 3)
(iv) Anil ...Dr. 1,18,000
To Sales A/c 1,00,000
To Output CGST A/c 9,000
To Output SGST A/c 9,000
(Being the goods sold on credit, charging CGST and SGST @ 9% each) (WN 4)

Working Notes:
1. Sale of Goods to Krishna, Delhi:
Trade discount is not shown separately in the books of account. ` 
List Price 20,000
Less: Trade Discount @ 10% 2,000
18,000
Less: Cash Discount @ 5% of ` 18,000 900
17,100
Add: CGST @ 9% of ` 17,100 1,539
SGST @ 9% of ` 17,100 1,539
Net Amount 20,178
2. `
Cost of Goods Sold 6,000
Add: Mark-up (10%) 600
6,600
Less: Trade Discount (5%) 330
6,270
Add: IGST @ 18% 1,129
Net Amount 7,399
3. `
Cost of Goods given as Samples 2,500
Add: CGST 225
SGST 225
Total 2,950

1
 4. Calculation of Sales Price for Transaction (iv):
` 
Cost of Goods Sold 1,00,000
Add: Profit on Cost* (25%) 25,000
1,25,000
Less: Trade Discount (20%) 25,000
Sale Value 1,00,000
Add: Output CGST 9,000
Output SGST 9,000
1,18,000
*Let Sales be ` 100; Profit = 20% on Sales = ` 20; Cost = ` 80
` 20
Therefore, Profit on Cost (%) = × 100 = 25%.
` 80
Q.2 Solution: JOURNAL OF ATUL BROS.
Date Particulars L.F. Dr. (`) Cr. (`)
2020
March 1 Cash A/c ...Dr. 30,000
Computer A/c ...Dr. 15,000
Furniture A/c ...Dr. 20,000
To Capital A/c 65,000
(Being the business started with cash, computer and furniture)
March 2 Bank A/c ...Dr. 20,000
To Cash A/c 20,000
(Being the cash paid in bank)
March 3 Purchases A/c ...Dr. 7,000
Input CGST A/c ...Dr. 630
Input SGST A/c ...Dr. 630
To Mohan Bros. 8,260
(Being the goods purchased from Mohan Bros., Lucknow payable
CGST and SGST @ 9% each)
March 4 Goyal Bros. ...Dr. 7,080
To Sales A/c 6,000
To Output CGST A/c 540
To Output SGST A/c 540
(Being the goods sold to Goyal Bros., Kanpur and charged CGST and
SGST @ 9% each)
March 5 Computer A/c ...Dr. 20,000
Input CGST A/c ...Dr. 1,800
Input SGST A/c ...Dr. 1,800
To Bank A/c 23,600
(Being the computer purchased, paying CGST and SGST @ 9% each)
March 7 Cash A/c ...Dr. 11,800
To Sales A/c 10,000
To Output CGST A/c 900
To Output SGST A/c 900
(Being the cash received from salesman)

2
March 10 Bank A/c ...Dr. 7,080
To Goyal Bros. 7,080
(Being the cheque received from Goyal Bros., deposited in bank)
March 11 Mohan Bros. ...Dr. 7,000
To Bank A/c 6,700
To Discount Received A/c 300
(Being the payment made by cheque and discount received)
March 13 Cash A/c ...Dr. 1,000
To Advance from Mahesh A/c 1,000
(Being the cash received from Mahesh as advance)
March 15 Bank A/c ...Dr. 400
To Interest A/c 400
(Being the interest received from bank)
March 20 Goyal Bros. ...Dr. 7,080
To Bank A/c 7,080
(Being the cheque received from Goyal Bros. dishonoured)
March 22 Rent A/c ...Dr. 600
Input CGST A/c ...Dr. 54
Input SGST A/c ...Dr. 54
To Bank A/c 708
(Being the rent paid by cheque)

Q.3 Solution: JOURNAL OF AMIT

Date Particulars L.F. Dr. (`) Cr. (`)
(i) Drawings A/c ...Dr. 5,600
To Purchases A/c 5,000
To Input CGST A/c 300
To Input SGST A/c 300
(Being the goods withdrawn for personal use, GST reversed)
(ii) Bad Debts A/c ...Dr. 2,000
To Sohan 2,000
(Being the bad debts recorded)
(iii) Loss of Goods by Fire A/c ...Dr. 6,720
To Purchases A/c 6,000
To Input IGST A/c 720
(Being the goods lost by fire, IGST reversed)
(iv) Machinery A/c ...Dr. 4,000
To Cash A/c 4,000
(Being the wages for installation of machine paid)
(v) Cash A/c ...Dr. 19,152
Discount Allowed A/c ...Dr. 900
To Sales A/c 18,000
To Output IGST A/c 2,052
(Being the inter-state sale of goods for cash) (WN)
(vi ) Cash A/c ...Dr. 2,000
To Bad Debts Recovered A/c 2,000
(Being the bad debts recovered)

3
 (vii) Charity A/c ...Dr. 1,120
To Purchases A/c 1,000
To Input CGST A/c 60
To Input SGST A/c 60
(Being the goods given as charity, GST reversed)
(viii ) Cash A/c ...Dr. 9,750
Discount Allowed A/c ...Dr. 250
To Ramesh 10,000
(Being the cash received and discount allowed)
(ix) Advance Rent A/c ...Dr. 4,000
Input CGST A/c ...Dr. 240
Input SGST A/c ...Dr. 240
To Cash A/c 4,480
(Being the advance rent paid)

Working Note:
(Transaction V) ` 
List Price 20,000
Less: Trade Discount (10%) 2,000
18,000
Less: Cash Discount (5%) 900
17,100
Add: Output IGST (12%) 2,052
19,152
Q.4 Solution: JOURNAL OF MOHAN
Date Particulars L.F. Dr. (`) Cr. (`)
(i) Cash A/c ...Dr. 15,000
Bad Debts A/c ...Dr. 10,000
To Raj 25,000
(Being the cash received and bad debts recorded)
(ii) Rent A/c ...Dr. 10,000
Input CGST A/c ...Dr. 600
Input SGST A/c ...Dr. 600
To Outstanding Rent A/c 11,200
(Being the outstanding rent)
(iii) Depreciation A/c ...Dr. 5,000
To Furniture A/c 5,000
(Being the depreciation charged)
(iv) Salaries A/c ...Dr. 20,000
To Outstanding Salaries A/c 20,000
(Being the outstanding salaries to staff)
(v) Cash A/c ...Dr. 9,520
Discount Allowed A/c ...Dr. 500
To Sales A/c 9,000
To Output CGST A/c 510
To Output SGST A/c 510
(Being the goods sold for cash, GST charged) (WN)
(vi) Interest on Capital A/c ...Dr. 10,000
To Capital A/c 10,000
(Being the interest on capital provided)
(vii) Loss of Stock by Theft A/c ...Dr. 5,600
To Purchases A/c 5,000
To Input IGST A/c 600
(Being the loss of goods by theft, Input IGST reversed)

4
Working Note:
(Transaction V) ` 
List Price 10,000
Less: Trade Discount (10%) 1,000
9,000
Less: Cash Discount (5%) 500
8,500
Add: Output CGST 510
Output SGST 510
9,520

Q.5 Solution: JOURNAL OF PUNEET

Date Particulars L.F. Dr. (`) Cr. (`)

(i) No Entry
(ii ) Bank A/c ...Dr. 25,000
To Advance from AK & Co. A/c 25,000
(Being the advance received against the order of ` 1,00,000)
(iii ) Outstanding Salaries A/c ...Dr. 40,000
To Cash/Bank A/c 40,000
(Being the outstanding salaries paid)
(iv) (a) Bharat ...Dr. 11,200
To Sales A/c 10,000
To Output IGST A/c 1,200
(Being the inter-state sale of goods to Bharat, charged IGST @ 12%)
(b) Returns Inward A/c ...Dr. 2,000
Output IGST A/c ...Dr. 240
To Bharat 2,240
(Being 1/5th of the goods sold to Bharat returned by him, GST reversed)
(v) Feroz ...Dr. 20,000
To Bank A/c 20,000
(Being the cheque issued by Feroz dishonoured)
(vi) Cash/Bank A/c ...Dr. 8,000
Bad Debts A/c ...Dr. 12,000
To Feroz 20,000
(Being 40 paise in a rupee received from Feroz against his dues)
(vii) (a) Cheques in Hand A/c ...Dr. 25,000
To Mohan 25,000
(Being the cheque received from Mohan)
(b) Bank A/c ...Dr. 25,000
To Cheques in Hand A/c 25,000
(Being the cheque received from Mohan deposited in bank)
(viii) (a) Purchases A/c ...Dr. 10,000
Input IGST A/c ...Dr. 1,200
To Barun 11,200
(Being the inter-state purchase of goods from Barun, IGST payable @ 12%)
(b) Arun ...Dr. 22,400
To Sales A/c 20,000
To Output IGST A/c 2,400
(Being the inter-state sale of goods to Arun, charged IGST @ 12%)

5
 (ix) (a) Returns Inward A/c ...Dr. 6,000
Output IGST A/c ...Dr. 720
To Arun 6,720
(Being the goods returned by Arun, GST reversed)
(b) Barun ...Dr. 3,360
To Returns Outward A/c 3,000
To Input IGST A/c 360
(Being the goods returned to Barun)
(x) (a) Purchases A/c ...Dr. 2,00,000
Input IGST A/c ...Dr. 24,000
To Bank A/c 2,24,000
(Being the goods purchased for ` 2,00,000 plus 12% IGST)
(b) Bank A/c ...Dr. 2,80,000
To Sales A/c 2,50,000
To Output CGST A/c 15,000
To Output SGST A/c 15,000
(Being the goods sold for ` 2,50,000 plus CGST and SGST @ 6% each)
(xi ) Insurance Premium A/c ...Dr. 10,000
Input CGST A/c ...Dr. 600
Input SGST A/c ...Dr. 600
To Bank A/c 11,200
(Being the insurance premium paid)
(xii) Cash/Bank A/c ...Dr. 1,00,000
To Capital A/c 1,00,000
(Being the sale proceeds of personal car brought in business
by the proprietor)
(xiii ) Insurance Co. ...Dr. 75,000
Loss of Stock by Fire A/c (Profit and Loss A/c) ...Dr. 37,000
To Purchases A/c 1,00,000
To Input CGST A/c 6,000
To Input SGST A/c 6,000
(Being the company admitted claim for loss of goods by fire,
CGST and SGST reversed)
(xiv) Machinery A/c ...Dr. 65,000
Input IGST A/c ...Dr. 6,000
To Bank A/c 71,000
(Being the machinery purchased for ` 50,000 paid ` 5,000 for its
cartage, ` 10,000 installation and IGST @ 12%)
(xv) Bank A/c (Note) ...Dr. 49,392
Discount Allowed A/c ...Dr. 900
To Sales A/c 45,000
To Output CGST A/c 2,646
To Output SGST A/c 2,646
(Being the intra-state sale of goods at a profit of 20% on sales less 10% trade
discount plus CGST and SGST @ 6% each and 2% cash discount)
(xvi) Machinery A/c ...Dr. 50,000
Bank Charges A/c ...Dr. 500
Input CGST A/c (6% of ` 50,000 + 6% of ` 500) ...Dr. 3,030
Input SGST A/c (6% of ` 50,000 + 6% of ` 500) ...Dr. 3,030
To Bank A/c 56,560
(Being the machinery purchased against draft)

6
Note: Cost of Goods Sold ` 40,000
*Profit = 20% of Sales = 25% of Cost = ` 10,000
` 20
[*Let Sales = ` 100; Profit = ` 20; Cost = ` 80; Profit on Cost (%) = × 100 = 25%.]
` 80
`
Cost 40,000
Add: Profit on Cost (25%)
10,000
List Price 50,000
Less: Trade Discount
5,000
45,000
Less: Cash Discount (2% of ` 45,000)
900
44,100
Add: CGST @ 6%
2,646
SGST @ 6% 2,646
Amount Received 49,392

Q.6 Solution: In the Books of Sumanto, Kochi

Dr. TWO-COLUMN CASH BOOK Cr.
Date Particulars L.F. Cash Bank Date Particulars L.F. Cash Bank
` ` ` `
2020 2020
Jan. 1 To Balance b/d 1,000 14,500 Jan. 2 By Cash A/c C ... 10,000
Jan. 1 To Advance A/c ... 60,000 Jan. 3 By Purchases A/c ... 13,000
Jan. 2 To Bank A/c C 10,000 ... Jan. 3 By Input CGST A/c ... 780
Jan. 8 To Cheques in Hand A/c ... 9,800 Jan. 3 By Input SGST A/c ... 780
Jan. 20 To Bank A/c C 3,000 ... Jan. 4 By Wages A/c 2,500 ...
Jan. 24 To Sales A/c 1,700 ... Jan. 14 By Stationery A/c 1,500 ...
Jan. 24 To Output CGST A/c 102 ... Jan. 14 By Input CGST A/c 90 ...
Jan. 24 To Output SGST A/c 102 ... Jan. 14 By Input SGST A/c 90 ...
Jan. 27 To Rakesh 18,000 ... Jan. 16 By Purchases A/c 6,000 ...
Jan. 28 To Cash A/c C ... 15,000 Jan. 16 By Input IGST A/c 720 ...
Jan. 19 By Shyam ... 3,700
Jan. 20 By Cash A/c C ... 3,000
Jan. 22 By Drawings A/c ... 2,000
Jan. 28 By Bank A/c C 15,000 ...
Jan. 28 By Purchases A/c ... 2,000
Jan. 28 By Input IGST A/c ... 240
Jan. 30 By Rent A/c ... 2,000
Jan. 30 By Input CGST A/c ... 120
Jan. 30 By Input SGST A/c ... 120
Jan. 31 By Balance c/d 8,004 61,560
33,904 99,300 33,904 99,300
Feb. 1 To Balance b/d 8,004 61,560

7
Note: Journal entries for Discount Allowed and Discount Received will be passed as follows:
Date Particulars L.F. Dr. (`) Cr. (`)
2019

Jan. 5 Cheques in Hand A/c ...Dr. 9,800

To Mohan 9,800
(Being the payment received by cheque from Mohan)

Jan. 27 Discount Allowed A/c ...Dr. 500

To Rakesh 500
(Being the discount allowed to Rakesh against payment received)

Q.7 Solution: In the Books of Kamal, Guwahati

PURCHASES BOOK
Date Particulars Invoice L.F. Details Cost Input Input Input Total
No. CGST SGST IGST
` ` ` ` ` `
2020
April 1 Videocon India Ltd., Kolkata
30 Colour TVs @ ` 15,000 each 4,50,000
Less: Trade Discount 10% 45,000
4,05,000
Add: IGST @ 12% 48,600
4,53,600 4,05,000 ... ... 48,600 4,53,600
April 15 Sony India Ltd., Guwahati
10 Colour TVs @ ` 20,000 each 2,00,000
Less: Trade Discount 10% 20,000
1,80,000
Add: CGST @ 6% 10,800
SGST @ 6% 10,800
2,01,600 1,80,000 10,800 10,800 ... 2,01,600
April 20 Music India Ltd., Delhi
10 Music Systems @ ` 10,000 each 1,00,000
Less: Trade Discount 15% 15,000
85,000
Add: IGST @ 12% 10,200
95,200 85,000 ... ... 10,200 95,200
April 30 Videocon India Ltd., Kolkata
5 Washing Machines @ ` 15,000 each 75,000
Less: Trade Discount 20% 15,000
60,000
Add: IGST @ 12% 7,200
67,200 60,000 ... ... 7,200 67,200
April 30 7,30,000 10,800 10,800 66,000 8,17,600

8
 Ledger
Dr. VIDEOCON INDIA LTD., KOLKATA Cr.
Date Particulars J.F. ` Date Particulars J.F. `

2020 2020
April 30 To Balance c/d 5,20,800 April 1 By Purchases A/c 4,05,000
By Input IGST A/c 48,600
April 30 By Purchases A/c 60,000
By Input IGST A/c 7,200
5,20,800 5,20,800

Dr. SONY INDIA LTD., GUWAHATI Cr.

Date Particulars J.F. ` Date Particulars J.F. `

2020 2020
April 30 To Balance c/d 2,01,600 April 15 By Purchases A/c 1,80,000
By Input CGST A/c 10,800
By Input SGST A/c 10,800
2,01,600 2,01,600

Dr. MUSIC INDIA LTD., DELHI Cr.

Date Particulars J.F. ` Date Particulars J.F. `

2020 2020
April 30 To Balance c/d 95,200 April 20 By Purchases A/c 85,000
By Input IGST A/c 10,200
95,200 95,200

Dr. PURCHASES ACCOUNT Cr.

Date Particulars J.F. ` Date Particulars J.F. `
2020
April 30 To Sundries as per Purchases
Book for April, 2020 7,30,000

Dr. INPUT CGST ACCOUNT Cr.

Date Particulars J.F. ` Date Particulars J.F. `
2020
April 30 To Sundries as per Purchases
Book for April, 2020 10,800

Dr. INPUT SGST ACCOUNT Cr.

Date Particulars J.F. ` Date Particulars J.F. `
2020
April 30 To Sundries as per Purchases
Book for April, 2020 10,800

9
Dr. INPUT IGST ACCOUNT Cr.
Date Particulars J.F. ` Date Particulars J.F. `

2020
April 30 To Sundries as per Purchases
Book for April, 2020 66,000

Q.8 Solution: In the Books of Gupta & Co., Kolkata

SALES BOOK
Date Particulars Invoice L.F. Details Sale Output Output Output Freight Total
No. Value CGST SGST IGST & Packing
` ` ` ` ` Charges (`) `
2020
Jan. 5 Hari & Co., Kolkata
10 Tables @ ` 1,100 each 11,000
20 Chairs @ ` 1,000 each 20,000
31,000
Add: CGST @ 6% 1,860
SGST @ 6% 1,860
34,720 31,000 1,860 1,860 ... ... 34,720

Jan. 10 M/s Sharma & Co., Delhi

5 Almirahs @ ` 5,000 each 25,000
5 Stools @ ` 1,000 each 5,000
30,000
Add: IGST @ 12% 3,600
33,600 30,000 ... ... 3,600 ... 33,600
Jan. 25 Sohan Lal & Bros., Kolkata
5 Tables @ ` 2,500 each 12,500
1 Revolving Chair @ ` 5,000 5,000
17,500
Add: CGST @ 6% 1,050
SGST @ 6% 1,050
19,600 17,500 1,050 1,050 ... ... 19,600
Jan. 31 78,500 2,910 2,910 3,600 ... 87,920

Ledger
Dr. HARI & CO., KOLKATA Cr.
Date Particulars J.F. ` Date Particulars J.F. `

2020 2020
Jan. 5 To Sales A/c 31,000 Jan. 31 By Balance c/d
34,720
To Output CGST A/c 1,860
To Output SGST A/c 1,860
34,720 34,720

10
Dr. M/S SHARMA & CO., DELHI Cr.

Date Particulars J.F. ` Date Particulars J.F. `

2020 2020
Jan. 10 To Sales A/c 30,000 Jan. 31 By Balance c/d
33,600
To Output IGST A/c 3,600
33,600 33,600

Dr. SOHAN LAL & BROS., KOLKATA Cr.

Date Particulars J.F. ` Date Particulars J.F. `

2020 2020
Jan. 25 To Sales A/c 17,500 Jan. 31 By Balance c/d
19,600
To Output CGST A/c 1,050
To Output SGST A/c 1,050
19,600 19,600

Dr. SALES ACCOUNT Cr.

Date Particulars J.F. ` Date Particulars J.F. `

2020
Jan. 31 By Sundries as Per Sales Book 78,500
for January, 2020

Dr. OUTPUT CGST ACCOUNT Cr.

Date Particulars J.F. ` Date Particulars J.F. `

2020
Jan. 31 By Sundries as Per Sales Book 2,910
for January, 2020

Dr. OUTPUT SGST ACCOUNT Cr.

Date Particulars J.F. ` Date Particulars J.F. `

2020
Jan. 31 By Sundries as Per Sales Book 2,910
for January, 2020

Dr. OUTPUT IGST ACCOUNT Cr.

Date Particulars J.F. ` Date Particulars J.F. `

2020
Jan. 31 By Sundries as Per Sales Book 3,600
for January, 2020

11
Q.9 Solution: PURCHASES RETURN BOOK
Date Particulars Debit L.F. Details Value Input Input Input Total
Note CGST SGST IGST
No. ` ` Cr. (`) Cr. (`) Cr. (`) `
2019
April 6 Ramesh Brothers, Delhi 5,000
Add: 6% CGST 300
6% SGST 300
5,600 5,000 300 300 ... 5,600
April 8 Sohan Brothers, Meerut 10,000
Add: 12% IGST 1,200
11,200 10,000 ... ... 1,200 11,200
April 17 Mahesh Brothers 2,000
Add: 6% CGST 120
6% SGST 120
2,240 2,000 120 120 ... 2,240
April 30 Purchases Return A/c ...Cr. 17,000 420 420 1,200 19,040

Q.10 Solution: SALES RETURN BOOK

Date Particulars Credit L.F. Details Value Output Output Output Total
Note CGST SGST IGST
No. ` ` Dr. (`) Dr. (`) Dr. (`) `
2018
July 1 Sohan & Sons, Delhi
2 Laptops HP @ ` 40,000 each 80,000
Add: 6% CGST 4,800
6% SGST 4,800
89,600 80,000 4,800 4,800 ... 89,600
July 2 Ramesh & Sons, Noida
2 ‘Ricoh’ printers @ ` 10,000 each 20,000
Add: 12% IGST 2,400
22,400 20,000 ... ... 2,400 22,400
July 25 Dinesh, Chandigarh
10 HP Desktops @ ` 20,000 each 2,00,000
Add: 12% IGST 24,000
2,24,000 2,00,000 ... ... 24,000 2,24,000
July 26 Ravi, Delhi (No Entry) ... ... ... ... ... ...
July 31 Sales Return A/c Dr. 3,00,000 4,800 4,800 26,400 3,36,000

Ledger
Dr. SALES RETURN ACCOUNT Cr.
Date Particulars J.F. ` Date Particulars J.F. `
2018 2018
July 1 To Sohan & Sons, Delhi 89,600 July 31 By Balance c/d
3,36,000
July 2 To Ramesh & Sons, Noida 22,400
July 25 To Dinesh, Chandigarh 2,24,000
3,36,000 3,36,000
August 1 To Balance b/d
3,36,000

12
Dr. SOHAN & SONS Cr.
Date Particulars J.F. ` Date Particulars J.F. `
2018 2018
July 31 To Balance c/d
89,600 July 1 By Sales Return A/c 89,600
89,600 89,600
August 1 By Balance b/d 89,600
Dr. RAMESH & SONS Cr.
Date Particulars J.F. ` Date Particulars J.F. `
2018 2018
July 31 To Balance c/d
22,400 July 2 By Sales Return A/c 22,400
22,400 22,400
August 1 By Balance b/d
22,400

Dr. DINESH Cr.

Date Particulars J.F. ` Date Particulars J.F. `
2018 2018
July 31 To Balance c/d
2,24,000 July 25 By Sales Return A/c 2,24,000
August 1 By Balance b/d 2,24,000
2,24,000 2,24,000

Dr. OUTPUT CGST ACCOUNT Cr.

Date Particulars J.F. ` Date Particulars J.F. `
2018 2018
July 1 To Sohan & Sons 4,800

Dr. OUTPUT SGST ACCOUNT Cr.

Date Particulars J.F. ` Date Particulars J.F. `
2018 2018
July 1 To Sohan & Sons 4,800

Dr. OUTPUT IGST ACCOUNT Cr.

Date Particulars J.F. ` Date Particulars J.F. `
2018 2018
July 2 To Ramesh & Sons 2,400
July 25 To Dinesh 24,000

Q.11 Solution:
Particulars IGST (`) CGST (`) SGST (`)
Output GST (5,00,000) (1,50,000) (1,50,000)
Less: Set-off of Input IGST 6,00,000 ... ...
Balance 1,00,000 (1,50,000) (1,50,000)
Less: Set-off against Output CGST (1,00,000) 1,00,000 ...
Balance ... (50,000) (1,50,000)
Less: Input GST Set-off ... 2,00,000 2,00,000
... 1,50,000 50,000
Receivable Receivable

13
Q.12 Solution:
Particulars IGST (`) CGST (`) SGST (`)

Output GST (4,00,000) (1,50,000) (1,50,000)

Less: Set-off of Input IGST 2,50,000 ... ...
Balance (Payable) (1,50,000) (1,50,000) (1,50,000)
Less: Set-off of Input CGST and Input SGST ... 2,00,000 2,00,000
Balance (1,50,000) 50,000 50,000
Set-off of Input CGST and Input SGST against
Output IGST 1,00,000 (50,000) (50,000)
Balance 50,000 ... ...
(Payable)

14