GST Accounting Entries in Tally – Purchase & Sales (CGST,SGST)

Problem 1

1. Mr.Sampanth Started a new business with 5,00,000/-
2. Rent Paid 25,000/-
3. Purchase as fallows from Ravi & Son’s (A.P):-
* Samsung Mobiles 10 no’s Each one 7,200/-
* Redmi Mobiles 15 no’s Each one 6,500/-
* Appo Mobiles 8 no’s Each one 4,300/-
4. Cash deposited into HDFC 35,000/-
5. Power bill paid through bank 2,650/-
6. Sales as fallows to Ganesh & Co(A.P):-
* Samsung Mobiles 10 no’s Each one 10,500/-
* Redmi Mobiles 15 no’s Each one 9,600/-
* Appo Mobiles 8 no’s Each one 7,900/-
7. Cash with draw from HDFC 10,000/-
8. Cash paid to Ravi & Son’s
9. Cash receive from Ganesh & Co
10. Internet bill paid through bank 550/-

(Note:- Mobile Phones in GST : 12%)

Problem 2

1. Miss.Sunitha Started a new business with 10,00,000/-
2. Furnicher purchased 40,000/-
3. Scooter Purchased 55,000/-
4. Purchase as fallows Santhi & co (A.P):-

* Samsung LED Tv’s 10 no’s Each one 18,500/-
* Sony LED Tv’s 10 no’s Each one 19,400/-
* Videocon LED Tv’s 10 no’s Each one 14,700/-

4. Cash deposited into Andhra bank 50,000/-
5. Rent paid through bank 12,000/-
6. Sales as fallows to Balaji Traders (A.P):-

* Samsung LED Tv’s 10 no’s Each one 25,200/- * Sony LED Tv’s 10 no’s Each one 30,100/-
* Videocon LED Tv’s 10 no’s Each one 19,300/-

7. Cash with draw from Andhra Bank 22,000/-
8. Depreciation on Scooter 11,000/-
9. Cash paid to Santhi & co
10. Cash receive from Balaji Traders(Note:- Electronics in GST : 28%)