To Input SGST A/C A 9,000 To Bank A/C 6,300 (Availed Input tax credit and paid balance) 8 Output SGST A/C Dr. 22,500 To Input SGST A/C 7,200 To Bank A/C 15,300 (Availed Input tax credit availed and paid balance) 8,74,400 8,74,400 Working Note: Procedure for GST Common Set Off: 925 Output IGST (*) Output CGST (6) Output SGST (6) 27000 22500 22500 -27,000 Input IGST -9000 (36000-9000) -7,200 Input CGST (1800 + 5400) -7,200 Input SGST (1800 + 5400) Payable Nil 6,300 15,300 Question 5 Pass entries in the books of Sh. Jagdish Mishra of Lucknow (U.P.) assuming CGST @ 6% and SGST @ 6%. March Particulars 5 Purchased goods for 2,50,000 from Virender Yadav of Patna (Bihar). 12 14 Sold goods costing 60,000 at 50% profit to Partap Sinha of Ranchi. : % . Purchased goods for 70,000 from Ram Nath of Kanpur against cheque. Sold goods at Varanasi (U.P.) Costing 72,25,000 at 3373% profit less trade discount 10% against cheque which was deposited into the bank. 18 20 Paid rent 25,000 by cheque. 31 Payment made of balance amount of GST