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%)

Problem 3

1.Mr.Sampanth(A.P) started a new business with 5,00,000/-
2.Purchase as fallows from Vimala Traders (Local-A.P)
· Samsung Monitors 10 sets each one 4,500/-
· LG Monitors 15 sets each one 4,300/-

3.Purchase as fallows from Sanjay & Co (Inter State-Maharashtra)
· Sony Monitors 20 sets each one 6,000/-
· Videocon Monitors 20 sets each one 3,800/-

4.Sales as fallows to Vijaya Traders (Local Intra A.P)
· Samsung Monitors 5 sets each one 7,200/-
· LG Monitors 7 sets each one 8,000/-
· Videocon Monitors 10 sets each one 6,100/-
· Sony Monitors 10 sets each one 10,500/-

5.Sales as fallows to Mahidar & Co (Inter State-Kerala)
· Samsung Monitors 5 sets each one 7,800/-
· LG Monitors 8 sets each one 8,300/-
· Sony Monitors 10 sets each one 10,900/-
· Videocon Monitors 10 sets each one 6,700/-

6.Cash paid to Vimala Traders.
7.Cash paid to Sanjay & Co.
8.Cash from Vijaya Traders.
9.Cash from Mahidar & Co.

(Note:- below 17 inch Monitors GST 18%)

Problem 4

1.Miss.Sanjana(A.P) started a new business with 4,50,000/-
2.Purchase as fallows from Manoj & Sons (Local-A.P)
· F&D Speakers 10 sets each one 2,500/-
· HP Printers 20 sets each one 2,300/-

3.Purchase as fallows from Pradeep Traders (InterState-Tamilanadu)
· Cameras 20 no’s each one 6,000/-

4.Sales as fallows to Ramu & Son’s (Local A.P)
· F & D Speakers 5 sets each one 4,100/-
· HP Printers 10 sets each one 3,800/-
· Cameras 12 no’s each one 9,200/-

5.Sales as fallows to Jagadeesh Traders (Inter state-odisa)
· F & D Speakers 5 sets each one 5,200/-
· HP Printers 10 sets each one 4,300/-
· Cameras 8 no’s each one 10,300/-

6.Cash paid to Manoj & son’s
7.Cash paid to Pradeep Traders
8.Cash from Ramu & Son’s
9.Cash from Jagadeesh Traders.

(Note:- Speakers,Printers,Cameras in GST 12%)

Problem 5

  • Mahadev started a new business with 5,00,000/-
  • Purchased from Jaya Traders (Intra state)A.P
  • LG monitors 10 sets @ 1500/-
  • Samsung Monitors 10 sets @ 2000/-
  • Purchased from Rahul & Son’s (Inter state) Maharashtra
  • LG monitors 10 sets @ 1500/-
  • Samsung Monitors 10 sets @ 2000/-
  • Sales as fallows to Ganesh Traders (Intra state)A.P
  • LG monitors 5 sets @ 3500/-
  • Samsung Monitors 5 sets @ 5000/-
  • Sales as fallows to Mahidar & Co (Inter state) Maharashtra
  • LG monitors 5 sets @ 3500/-
  • Samsung Monitors 5 sets @ 5000/-
  • Sales returns from Ganesh Traders
  • Samsung Monitors 2 sets
  • Sales returns from Mahidar & Co
  • LG Monitors 1 set
  • Purchase Return to Jaya Traders
  • LG Monitors 1 set
  • Purchase Return to Rahul & Sons Traders
  • Samsung Monitors 2 sets
  • Cash from Ganesh Traders & Mahidar & Co
  • Cash paid to Jaya Traders & Rahul Son’s

(Note:- GST in Computer Monitors: 18%)

Problem 6

  • Sandya started a new business with 10,00,000/-
  • Purchased from Vinay Traders (Intra state)A.P
  • Mi Mobiles 10 sets @ 6000/-
  • Moto Mobiles 10 sets @ 7100/-
  • Purchased from Santhi & Co (Inter state) Tamilnadu
  • Lenovo Mobiles 10 sets @ 6400/-
  • Samsung Mobiles 10 sets @ 8000/-
  • Sales as fallows to Ramesh Traders (Intra state)A.P
  • Lenovo Mobiles 5 sets @ 13800/-
  • Samsung Mobiles 5 sets @ 17200/-
  • Sales as fallows to Lalitha & Co (Inter state) Tamilanadu
  • Mi Mobiles 5 sets @ 12000/-
  • Moto Mobiles 5 sets @ 14500/-
  • Sales returns from Ramesh Traders
  • Lenovo Mobiles 2 sets
  • Sales returns from Lalitha & Co
  • Moto Mobiles 1 set
  • Purchase Return to Vinay Traders
  • Moto Mobiles 1 set
  • Purchase Return to Santhi & Co
  • Lenovo Mobiles 2 sets
  • Cash from Ramesh Traders & Lalitha & Co
  • Cash paid to Vinay Traders & Santhi & Co

(Note:- GST in Mobile : 12%)