For computer purchased by actual and Company Delhi for office use from...
Computer A/c. ....dr. 44000
Input IGST A/c. .....dr. 6000
To Bank A/c. 50000
For computer purchased by actual and Company Delhi for office use from...
Invoice Details:
Actual and Company Delhi purchased a computer from HP Ltd Noida for rupees 50,000 for office use. The invoice included IGST at 12%, which was paid by cheque.
Explanation:
Payment Method:
The payment for the computer was made by cheque, ensuring a secure and traceable transaction.
IGST Calculation:
The Integrated Goods and Services Tax (IGST) at 12% was applied to the total invoice amount of rupees 50,000. The IGST amount can be calculated as follows:
IGST = Total Invoice Amount * IGST Rate
IGST = 50,000 * 12%
IGST = 6,000 rupees
Payment Breakdown:
- Computer Cost: 50,000 rupees
- IGST Amount: 6,000 rupees
- Total Amount Paid: 56,000 rupees
Vendor Details:
- Vendor Name: HP Ltd Noida
- Location: Noida
- Product: Computer
- Purchase Purpose: Office use
Buyer Details:
- Buyer Name: Actual and Company Delhi
- Location: Delhi
- Payment Method: Cheque