Mr. Jobin is a registered dealer under GST in Noida. He deals with the products like Bamboo furniture which comes under the GST slab rate of 18%. He purchase the products from the local manufacturer as well as outside state. Also, his sales transaction mostly done outside the state. During the month of August 2020, he managed to do the following transaction for which journal entry are required to pass and compute his tax liability which he needs to pay after set off/adjustments. Purchase Bamboo furniture from Mr. Tyagi who is a local manufacturer for Rs. 5,00,000 on 1.08.2020 Purchase Bamboo furniture from Mr. Sharma who is a manufacturer in Gurgaon for Rs. 2,00,000 on 3.08.2020. (IGST is applicable) Sold Bamboo furniture for Rs. 7,00,000 to local customer on 6.08.2020 Sold Bamboo furniture to dealer in Chennai for Rs. 2,50,000 on 10.08.2020 He has paid legal consulation fee to CA Arun Tripathi Rs. 40,000 on 15.08.2020. He paid telephone bill of Rs. 4000 on 27.08.2020 The GST rate applicable to Bamboo furniture is 18% and the same for the packaging material. Moreover, for the professional fee and utility bills also the rate is 18%.

Pass the necessary journal entry including the entry of set off and tax payment (if any). Compute the tax liability and show the set off and adjustment of tax in the form of table.

Please do it professionally