Gst rates;

GST RATES
0% 12% 18% 28%
PERFUMES
Rice DRY FRUITS SOAPS SHAMPOO
salt TOOTH POWDERS HAIR OIL TOOTH PASTE
SHAVING CREAM

Mr. Raghava rao started a new business with – 4,00,000/-

2. Purchase as fallows from Rama rao & Son’s ( intra state)

 Rice – 20 bags each one 950/-

 Soaps – 50 pieces each one 45/-
 Salt – 100 packets each one – 12/-
 Dry fruits – 60 packets each one 100/-
 Perfumes – 30 bottle’s each one 120/-
 Hair oil – 45 bottles each one 55/-
 tooth paste – 40 sets’s each one 52/-
 shampoo – 35 bottles each one 74/-
 shaving creams – 48 sets each one 35/-
 tooth powders – 30 packets each one 15/-

3. sales as fallows to raja & sons ( intra state)

 soaps – 50 pieces each one 67/-

 rice -20 bags eache one 1250
 dry fruits-60 packets each one 135/-
 tooth powders – 30 packets each one 23/-
 salt – 100 packets each one 19/-
 perfumes – 30 bottles each one 155/-
 shaving creams – 48 sets each one 64/-
 shampoo – 35 bottles each one 85/-
 hair oil -45 bottles each one 70/-

4. cash paid to rama rao & sons

5. Cash from raja & son’s

Solution;

1. create company(intra state-local state)

2. gst settings;
 3. f11-f3-enable goods an service tax(gst)-yeas-ctrl+a
4. esc to got
5. create -uom
a. bags,
b. pieces,
c. packets,
d. bottles,
e. sets.
6. Stock item creation
a. Rice
Bags
Gst- applicable
Set\alter-no
Type of supply-goods
Rod-0
Save
b. Soaps
Pieces
Set/alter-yes-ct-ov, t-t,tt-rate,integrated tax-18%
goods
save
c. Salt- no tax-goods
d. Dry fruits-12%-goods
e. Perfumes-28%-goods
f. Hair oil-18%-goods
g. Tooth paste-28%-goods
h. Shampoo-28%-goods
i. Shaving creams-28%-goods
j. Tooth powders-12%-goods

Ledger creation(single)

1. Raghava rao-capital a/c

2. Purchase a/c-purchase a/c-set-no-goods
3. Rama rao & sons- s.cr-andhra pradesh
4. Sales – sales a/c-set-no-goods
5. Raja & sons-s.dr- ap
6. Cgst-d&t-tod-gst,tt-central tax,invent-no, per of cal-0
7. Sgst-d&t-tod-gst-tt-st tax, invento valu-no, per of cal-0

Accounting vouchers

1. F6
2. F9
Pn-rama rao & sons
Purchaser ledger- purchase
Rice-20b-950
Dslt-100p-12
Enter enter with no tax save
3. F9
Dry fruits-60p-100
Tooth powder-30-15
Enter
Cgst-(f2-1-7-year)
Sgst-
4. F9
Soaps-50p-45
Hair oil-45b-55/-
Enter
Cgst
Sgst
Save
5. F9

Perfumes-30b-120

Shampoo-35-74

Tooth paste-40s-52/-

Shaving creams-48-35/-

Enter

Cgst

Sgst

Save

6. F8
Raju and sons
Sales
Same as above
0%,12%,18%,28%
7. F5
To rama rao and sons
8. F6
 From raja and sons

Reports;
b/s
left side value-13402 profit
current liabilities-d&t-cgst,sgst-

accounting vouchers-
9. F5
Alt=s- tax type: gst
Period from-1-7-year to 1-7-year-regular
Cgst-
Sgst
Save