(GST Examination)

(Level-1)
Instruction:
1. Create Company with Your Name
2. The Business is a Registered organization for GST with an office in State Punjab
3. Company GSTIN: 03AAACZ7560P1ZT

Liabilities Amount Assets Amount

Capital Account 25,00,000 Furniture 50,000
Reserve 1,00,000 Building 2,00,000
Profit & Loss 3,00,000 Machinery 50,000

Sundry Creditors 20,00,000 Sundry Debtors 18,00,000

Bill’s Payable 2,00,000 Closing Stock 25,00,000

Outstanding Salary 1,00,000 Cash-In-Hand 5,00,000
Outstanding Rent 1,00,000 HDFC Bank 2,00,000
Loan From Promotors 2,00,000 HDFC Bank 3,00,000
Debenture (Unsecured Loan) 1,00,000

56,00,000 56,00,000
Party Name:

Sundry Creditors Amount Sundry Debtors Amount

Mohit 3,00,000 Ranjit 1,00,000
Bill No. PO/85/89 – 2,00,000 Kamlesh 2,00,000
Bill No. YU/55/96 – 1,00,000 Humaira 5,00,000
Rakesh 1,00,000 Bill No. AE/82/22 – 3,00,000
Kailash 50,000 Bill No. SR/5236/98 – 2,00,000
Dipak 1,50,000 Dinesh 3,00,000
Mohini 2,00,000 Jitendra 2,00,000
Nilam 3,00,000 Raghav 1,00,000
Tanisha 4,00,000 Vicky 3,00,000
Bill No. HG/41/56 – 1,50,000 Bill No. DK/78/77 – 1,00,000
Bill No. TU/22/22 – 2,50,000 Bill No. TU/47/44 – 2,00,000
Nitesh 5,00,000 Ritu 1,00,000
Bill No. TY/41/82 – 3,50,000
Bill No. JU/69/22 – 1,50,000
20,00,000 18,00,000
 Closing Stock:

HSN GST
Item Name Godown Group Quantity Rate Amount
Code Rate
Computer
Corsair 500 GB SSD Rajarhat 4257 100 Pcs 2,000 2,00,000
Accessories
Gigabyte 800W Power Computer
Phool Bagan 8874 300 Pcs 500 1,50,000
Supply Accessories
Computer
HP 1200 DPI Mouse Phool Bagan 23569 18% 100 Pcs 6,000 6,00,000
Accessories
Cosmic Byte Computer
Phool Bagan 4141 200 Pcs 3,500 7,00,000
Mechanical Keyboard Accessories
Computer
HP Deskjet Printer Rajarhat 2563 100 Pcs 3,000 3,00,000
Accessories
Samsung S24 Back Mobile
Rajarhat 89756 200 Pcs 300 60,000
Cover Accessories
Boat 239 Bluetooth Mobile
Phool Bagan 21312 300 Pcs 700 2,10,000
Earphone 12% Accessories
Wired Earphone Rajarhat 44478 Garment’s 100 Pcs 600 60,000
Bluetooth Speaker Rajarhat 2536 Garment’s 200 Pcs 600 1,20,000
Selfie Stick Phool Bagan 8596 Garment’s 200 Pcs 500 1,00,000
Total: 25,00,000

Purchase Goods from “Rakesh” Regular Dealer from Punjab and there GST No.
03AAACI7865G1ZL on 60% Credit of Bill No. RHT/78/25 and Store at Phool Bagan.
a. 100 Pcs Gigabyte 800W Power Supply of Rs. 500
b. 50 Pcs Cosmic Byte Mechanical Keyboard of Rs. 3,600
c. 10 Pcs Corsair 500 GB SSD of Rs. 2,000
2. Sold Goods to “Raghav” a Composition Dealer from Delhi and there GST No.
07AAACT0686N2ZX of Bill No. RR/4477.
a. 50 Pcs HP 1200 DPI Mouse of Rs. 7,500
b. 30 Pcs Gigabyte 800W Power Supply of Rs. 700
3. Purchase goods from “Mohini” of Regular Dealer from Delhi and there GST No.
07AACCB6672L1ZC of Bill No. DT/748 and Store at Rajarhat Godown.
a. 100 Pcs Wired Earphone of Rs. 600
b. 100 Pcs Bluetooth Speaker of Rs. 600 on 10% Discount.
c. 50 Pcs Boat 239 Bluetooth Earphone of Rs. 700
4. Received Cash from “Raghav” of Rs. 2,00,000 by Cash of Bill No. RR/4477.
5. Paid Salary of Rs. 10,000 by HDFC Bank
6. Received Rs. 1,00,000 from “Humaira” of Bill No. SR/5236/98 in HDFC Bank
7. Purchase Goods from “Kailash” a Regular Dealer from Goa and there GST No.
30AAACT0686N1Z9 of Bill No. KR/8889 and Paid 50,000 by Cash and Store Rajarhat
Godown.
a. 200 Pcs San Disk 64 GB Pen drive of Rs. 800 of HSN No: 3236 of (GST: 12%)
b. 30 Pcs Selfie Stick of Rs. 500
8. Sold goods to “Kamlesh” a Consumer from Delhi and their Bill No. HH/41 on 20% Credit
a. 10 Pcs Corsair 500 GB SSD of Rs. 3,000
b. 20 Pcs Wired Earphone of Rs. 800 in 15% Discount
c. 2 Pcs Cosmic Byte Mechanical Keyboard of Rs. 5,000 in 2% Discount
9. Paid Rs. 4,000 for Electricity Bill by Cash.
10. Deposit Cash of Rs. 50,000 in HDFC Bank.
11. Received Rs. 2,80,000 from “Humaira” of the Bill No. AE/82/22 in Full Settlement by
HDFC Bank.
12. Sold goods to “Vicky” a Consumer from Delhi and Received 70% Cash.
a. 40 Pcs Gigabyte 800W Power Supply of Rs. 700
b. 30 Pcs San Disk 64 GB Pen drive of Rs. 1,100
13. Purchase goods from “Dipak” of Regular Dealer from Delhi and there GST No.
07AAACB0446L1ZU of Bill No. UYT/7485 and Store Phool Bagan Godown
a. 100 Pcs Sony Play Station 5 of Rs. 50,000 of HSN No: 5236 of (GST: 18%)
b. 100 Pcs Boat 620 Air Buds of Rs. 1,500 of HSN No: 42178 of (GST: 12%)
c. 100 Pcs Bluetooth Soundbar of Rs. 1,000 of HSN No: 52088 of (GST: 12%)
14. Cash Invest in Business of Rs. 20,00,000
15. Deposit Cash in HDFC Bank of Rs. 5,00,000
16. Received Outstanding from Ranjit of Rs. 1,00,000 by Cash.
17. Received Commission of Rs. 4,000 in HDFC Bank.
18. Sold goods to “Humaira” of Regular Dealer from Goa and there GST No.
30AAACB1534F4ZG and their Bill No. BV/01/786 on 40% Credit Received in HDFC Bank
a. 50 Pcs Wired Earphone of Rs. 800
b. 30 pcs Boat 620 Air Buds of Rs. 2,000
c. 30 pcs Bluetooth Soundbar of Rs. 1,400
d. 20 Pcs Selfie Stick of Rs. 800
19. Purchase Goods from “Mohit” of Composition Dealer from Punjab and there GST No.
03AAQPM7206G1ZR and their Bill No. BB/89/09 and Store Phool Bagan Godown
a. 40 Pcs Samsung S24 Back Cover of Rs. 350
b. 100 Pcs XPG 8GB RAM of Rs. 1,300 of HSN No: 826593 of (GST No: 12%)
c. 100 Pcs Mobile Charger of Rs. 600 of HSN No: 412365 of (GST No: 12%)
20. Purchase goods to “Afroza Garments” of Regular Dealer from Goa and there GST No.
30AAACI1681G1Z2 and their Bill No. AH/08/096 and Store Phool Bagan Godown.
a. 50 Pcs XPG 8GB RAM of Rs. 1,400
b. 100 Pcs Custom CPU Fan of Rs. 1,000 of HSN No: 777593 of (GST No: 12%)
c. 50 Pcs Mobile Charger of Rs. 600
21. Cash Invested in Business of Rs. 10,00,000
22. Paid Outstanding Salary of Rs. 80,000 by Cash
23. Paid Rs. 5,00,000 to Nitesh on there all Bills by Cash
24. Sold goods to “Ritu” of Composition Dealer from West Bengal and there GST No.
19AACCB6672L1Z7 and their Bill No. WT/87/002 and Received 70% Cash
a. 20 Pcs Bluetooth Soundbar of Rs. 1,400 in 3% Discount
b. 30 Pcs Custom CPU Fan of Rs. 1,600
c. 20 Pcs Bluetooth Speaker of Rs. 800 in 1% Discount
25. Received Cash from Dinesh of Rs. 3,00,000 on their Outstanding.
26. Received Full amount from “Raghav” on there all Outstanding
27. Paid Wages of Rs. 3,000 by Cash
28. Paid Carriage Expenses of Rs. 300 by HDFC Bank
29. Received Full Amount from “Humaira” of there all Due Bills by HDFC Bank
30. Paid Cash to “Rakesh” of Rs. 1,00,000
31. Paid Full Amount to “Afroza Garments” of their all Bills by HDFC Bank.
32. Received Full Amount from Ranjit and Vicky on there all Bills in HDFC Bank.
33. Received Full amount from Kamlesh of their full amount in Cash.
34. Check Balance Sheet and Stock Summary
35. Check GSTR-1 and GSTR-3B.