Q.1Company purchased the following items from Busy InfoTech Pvt. Ltd. on 01/10/2025 & stored in Golghar with IGST 5% (Ref Number – PUR/BIT/04).
Products Quantity Rate
Busy SM 3.6 2 PCS Rs.12,500/PCS
Busy LS 3.6 12 PCS Rs.77/PCS
Q.2 Company sold 10 PCS of Busy LS 3.6 @ Rs.86.50/PCS to Garima Computer Centre with IGST 5% against Form C on 01/10/2025 (Ref Number: SALE/IGST/01).
Q.3 Company sold 2 PCS of Busy SM 3.6 @ Rs.17,308/PCS to Raj InfoTech against Form C with IGST5% dated on 01/10/2025 (Ref Number: SALE/IGST/02).
Q.4 Raj InfoTech cleared his account through Cheque which was deposited into ICICI on 02/10/2009 (Cheque Number: 130150).
Q.5 Company sold 2 PCS of Busy LS 3.6 @ Rs.86.50/PCS with IGST 12% to Ekta Computer Centre on 02/10/2025 (Ref Number: SALE/IGST/03).
Q.6 Company received the full amount in cash from Ekta Computer Centre against bill SALE/IGST/03 on 02/10/2025.
Q.7 See the GST Payable Report dated on 31/10/2025.
Q.8 Pass an entry for adjusting the GST amount with GST Payable dated on 31/10/2025.
Q.9 Paid the GST Payable amount on 01/10/2025 through Cheque of ICICI bank. (Cheque Number – 201009)
