Chapter 6 – Accounting for Goods and Services Tax(GST) – D.K. Goel -(Class 11 – ICSE)- Solution

In this article, we have provided the Question wise solution of all Questions of Chapter No. 6 – Accounting for Goods and Services Tax(GST) – D.K. Goel -(Class 11 – ICSE), But first of all, we have explained the meaning of Goods and Services Tax(GST): – 

What is Goods and Services Tax(GST)

Goods and Services Tax (GST) is an indirect tax levied in India on the sale of all types of goods and services Except Petroleum products and Alcoholic drinks. Petroleum products and Alcoholic drinks are taxed separately by the individual state governments. GST tax came into effect on July 1, 2017, through the implementation of a hundred and one amendments by the Government of India.

  • It is one indirect tax for the whole nation, which will make India one unified common market.
  • Vast reform in Indian indirect taxation, the likes of which the country has not seen since Independence.
  • Single Tax on both supply of goods as well as the supply of services
  • The system of taxation will simplify indirect taxation for both (Tax Payer and Tax collector).
  • It will reduce the complexities of the number of Taxation because GST will replace many types of indirect taxes (shown as under)
  • Cascading effect of taxation removed.
  • The way to do business in India will be changed by GST.
  • It is a combination of 5 acts CGST, SGST, IGST, UTGST & CESS Act, 2017
  • It will have a huge impact on the Indian economy and all Businesses (Big, Medium, and Small)
  • GST replaced existing following multiple Indirect taxes levied by the central and state governments

Goods and Services Tax (GST) meaning an overview

Chapter No. 6 – Accounting for Goods and Services Tax(GST) – D.K. Goel -(Class 11 – ICSE)- Solution

Question wise solution of all Questions of Chapter 6 – Accounting for Goods and Services Tax(GST) – D.K. Goel -(Class 11 – ISCE) – Solutions are shown below: –

Q 01 CH 6 D.K Goal 1 Book 2020 Solution min - Chapter 6 - Accounting for Goods and Services Tax(GST) - D.K. Goel -(Class 11 - ICSE)- Solution
Question No 01 Chapter No 6 1. Pass entries in the books of Mukerjee & Sons. assuming all transactions have ...
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Q 02 CH 6 D.K Goal 1 Book 2020 Solution min - Chapter 6 - Accounting for Goods and Services Tax(GST) - D.K. Goel -(Class 11 - ICSE)- Solution
Question No 02 Chapter No 6 2. Pass entries in the books of Devdhar & Bros. Odisha, assuming all transactions ...
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Q 03 CH 6 D.K Goal 1 Book 2020 Solution min - Chapter 6 - Accounting for Goods and Services Tax(GST) - D.K. Goel -(Class 11 - ICSE)- Solution
Question No 03 Chapter No 6 03.Pass entries in the books of Ganguli & Sons. assuming all transactions have been ...
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Q 04 CH 6 D.K Goal 1 Book 2020 Solution min - Chapter 6 - Accounting for Goods and Services Tax(GST) - D.K. Goel -(Class 11 - ICSE)- Solution
Question No 04 Chapter No 6 04. Pass entries for the following transactions in the books of M/s Karthikeyan & ...
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Q 05 CH 6 D.K Goal 1 Book 2020 Solution min - Chapter 6 - Accounting for Goods and Services Tax(GST) - D.K. Goel -(Class 11 - ICSE)- Solution
Question No 05 Chapter No 6 05.Record the following transactions in the books of Sahdev & Sons assuming all transactions ...
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Q 06 CH 6 D.K Goal 1 Book 2020 Solution min - Chapter 6 - Accounting for Goods and Services Tax(GST) - D.K. Goel -(Class 11 - ICSE)- Solution
Question No 06 Chapter No 6 06. Pass entries in the books of Mr. Roopani of Gujarat assuming CGST @ ...
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Q 07 CH 6 D.K Goal 1 Book 2020 Solution min - Chapter 6 - Accounting for Goods and Services Tax(GST) - D.K. Goel -(Class 11 - ICSE)- Solution
Question No 07 Chapter No 6 07. Pass entries in the books of Sh. Jagdish Mishra of Lucknow U.P. assuming ...
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Q 08 CH 6 D.K Goal 1 Book 2020 Solution min - Chapter 6 - Accounting for Goods and Services Tax(GST) - D.K. Goel -(Class 11 - ICSE)- Solution
Question No 08 Chapter No 6 08. Pass entries in the books of Krishnan of Bengaluru Karnataka in the following ...
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Q 09 CH 6 D.K Goal 1 Book 2020 Solution min - Chapter 6 - Accounting for Goods and Services Tax(GST) - D.K. Goel -(Class 11 - ICSE)- Solution
Question No 09 Chapter No 6 09. Pass entries in the books of all parties in the following cases assuming ...
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Q 10 CH 6 D.K Goal 1 Book 2020 Solution min - Chapter 6 - Accounting for Goods and Services Tax(GST) - D.K. Goel -(Class 11 - ICSE)- Solution
Question No 10 Chapter No 6 10. You are required to pass journal entries for the following transaction in the ...
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