On 1st January, 2018, Mr. X sold goods to Mr. Y for ₹45,000 plus CGST and SGST 9% each on credit. Mr. Y paid the amount of GST immediately in cash. Mr. X drew 3 bills on him: first bill for ₹10,000 for 1 month, second bill for ₹15,000 for 2 months and third bill for ₹20,000 for 3 months. Mr. Y accepted and returned all the bills to Mr. X.

On 1st January, 2018, Mr. X sold goods to Mr. Y for ₹45,000 plus CGS

1.	On 1st January, 2018, Mr. X sold goods to Mr. Y for ₹45,000 plus CGST and SGST 9% each on credit. Mr. Y paid the amount of GST immediately in cash. Mr. X drew 3 bills on him: first bill for ₹10,000 for 1 month, second bill for ₹15,000 for 2 months and third bill for ₹20,000 for 3 months. Mr. Y accepted and returned all the bills to Mr. X.
Answer» On 1st January, 2018, Mr. X sold goods to Mr. Y for ₹45,000 plus CGST and SGST 9% each on credit. Mr. Y paid the amount of GST immediately in cash. Mr. X drew 3 bills on him: first bill for ₹10,000 for 1 month, second bill for ₹15,000 for 2 months and third bill for ₹20,000 for 3 months. Mr. Y accepted and returned all the bills to Mr. X.

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