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Example 1: Intra-State (In State)

The document shows accounting entries for the purchase of goods worth Rs. 100,000 locally within the same state. It involves debiting the Purchase account for Rs. 100,000, CGST account for Rs. 9,000 (@9% of purchase amount) and SGST account for Rs. 9,000 (@9% of purchase amount). The total amount of Rs. 1,18,000 is credited to the Cash/Bank/Creditors account. This is an example transaction for an intra-state purchase where both CGST and SGST are applicable at 9% each.

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30 views

Example 1: Intra-State (In State)

The document shows accounting entries for the purchase of goods worth Rs. 100,000 locally within the same state. It involves debiting the Purchase account for Rs. 100,000, CGST account for Rs. 9,000 (@9% of purchase amount) and SGST account for Rs. 9,000 (@9% of purchase amount). The total amount of Rs. 1,18,000 is credited to the Cash/Bank/Creditors account. This is an example transaction for an intra-state purchase where both CGST and SGST are applicable at 9% each.

Uploaded by

pmcmbharat264
Copyright
© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Example 1: Intra-state (In state)

Purchased goods Rs. 1,00,000 locally (intra state) CGST @9% and SGST@9%

Purchase A/c ………………Dr. 1,00,000

CGST A/c ………….…………Dr. 9,000

SGST A/c ………………….…Dr. 9,000

To Cash/ Bank/ Creditors A/c ………………….. Cr. 1,18,000

Example 1: Intra-state (In state)


Purchased goods Rs. 1,00,000 locally (intra state) CGST @9% and SGST@9%

Purchase A/c ………………Dr. 1,00,000

CGST A/c ………….…………Dr. 9,000

SGST A/c ………………….…Dr. 9,000

To Cash/ Bank/ Creditors A/c ………………….. Cr. 1,18,000

Example 1: Intra-state (In state)


Purchased goods Rs. 1,00,000 locally (intra state) CGST @9% and SGST@9%

Purchase A/c ………………Dr. 1,00,000

CGST A/c ………….…………Dr. 9,000

SGST A/c ………………….…Dr. 9,000

To Cash/ Bank/ Creditors A/c ………………….. Cr. 1,18,000

Example 1: Intra-state (In state)


Purchased goods Rs. 1,00,000 locally (intra state) CGST @9% and SGST@9%

Purchase A/c ………………Dr. 1,00,000

CGST A/c ………….…………Dr. 9,000

SGST A/c ………………….…Dr. 9,000

To Cash/ Bank/ Creditors A/c ………………….. Cr. 1,18,000


Example 1: Intra-state (In state)
Purchased goods Rs. 1,00,000 locally (intra state) CGST @9% and SGST@9%

Purchase A/c ………………Dr. 1,00,000

CGST A/c ………….…………Dr. 9,000

SGST A/c ………………….…Dr. 9,000

To Cash/ Bank/ Creditors A/c ………………….. Cr. 1,18,000

Example 1: Intra-state (In state)


Purchased goods Rs. 1,00,000 locally (intra state) CGST @9% and SGST@9%

Purchase A/c ………………Dr. 1,00,000

CGST A/c ………….…………Dr. 9,000

SGST A/c ………………….…Dr. 9,000

To Cash/ Bank/ Creditors A/c ………………….. Cr. 1,18,000

Example 1: Intra-state (In state)


Purchased goods Rs. 1,00,000 locally (intra state) CGST @9% and SGST@9%

Purchase A/c ………………Dr. 1,00,000

CGST A/c ………….…………Dr. 9,000

SGST A/c ………………….…Dr. 9,000

To Cash/ Bank/ Creditors A/c ………………….. Cr. 1,18,000

Example 1: Intra-state (In state)


Purchased goods Rs. 1,00,000 locally (intra state) CGST @9% and SGST@9%

Purchase A/c ………………Dr. 1,00,000

CGST A/c ………….…………Dr. 9,000

SGST A/c ………………….…Dr. 9,000

To Cash/ Bank/ Creditors A/c ………………….. Cr. 1,18,000


Example 1: Intra-state (In state)
Purchased goods Rs. 1,00,000 locally (intra state) CGST @9% and SGST@9%

Purchase A/c ………………Dr. 1,00,000

CGST A/c ………….…………Dr. 9,000

SGST A/c ………………….…Dr. 9,000

To Cash/ Bank/ Creditors A/c ………………….. Cr. 1,18,000

Example 1: Intra-state (In state)


Purchased goods Rs. 1,00,000 locally (intra state) CGST @9% and SGST@9%

Purchase A/c ………………Dr. 1,00,000

CGST A/c ………….…………Dr. 9,000

SGST A/c ………………….…Dr. 9,000

To Cash/ Bank/ Creditors A/c ………………….. Cr. 1,18,000

Example 1: Intra-state (In state)


Purchased goods Rs. 1,00,000 locally (intra state) CGST @9% and SGST@9%

Purchase A/c ………………Dr. 1,00,000

CGST A/c ………….…………Dr. 9,000

SGST A/c ………………….…Dr. 9,000

To Cash/ Bank/ Creditors A/c ………………….. Cr. 1,18,000

Example 1: Intra-state (In state)


Purchased goods Rs. 1,00,000 locally (intra state) CGST @9% and SGST@9%

Purchase A/c ………………Dr. 1,00,000

CGST A/c ………….…………Dr. 9,000

SGST A/c ………………….…Dr. 9,000

To Cash/ Bank/ Creditors A/c ………………….. Cr. 1,18,000


Example 1: Intra-state (In state)
Purchased goods Rs. 1,00,000 locally (intra state) CGST @9% and SGST@9%

Purchase A/c ………………Dr. 1,00,000

CGST A/c ………….…………Dr. 9,000

SGST A/c ………………….…Dr. 9,000

To Cash/ Bank/ Creditors A/c ………………….. Cr. 1,18,000

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