Solution of Q 3 Accounting for Goods and Services Tax (GST) TS Grewal Class 11 (2023-24) CBSE

Journalise the following in the books of Amit Saini, Gurugram (Haryana):

1. (i) Goods of ₹ 5,000, out of goods purchased within the state, were taken by him for personal use.
2. (ii) ₹ 2,000 due from Sohan were bad debts.
3. (iii) Goods of ₹ 6,000 were destroyed by fire and were not insured. These goods were purchased from outside the state.
4. (iv) Paid ₹ 4,000 in cash as wages on installation of machine. (GST is not to be levied.)
5. (v) Sold goods to Arjun of Delhi of list price ₹ 20,000. Trade discount @ 10% and cash discount of 5% was allowed. He paid the amount on the same day and availed the cash discount.
6. (vi) Received ₹ 2,000 from Ramesh, whose account was written off as bad debts.
7. (vii) Goods costing ₹ 1,000 given as charity. These goods were purchased from within the state.
8. (viii) Received ₹ 9,750 from Ramesh in full settlement of his account of ₹ 10,000.
9. (ix) Paid rent in advance ₹ 4,000.

CGST and SGST is to be levied on intra-state sale @ 6% each and IGST @ 12% on inter-state sale.