What is IGST? Give an example.

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IGST: It is levied on inter-state sales, i. e. sales of goods and services outside the state. It is also levied on import of goods and services into India and export of goods and services from India. For example, a dealer of Rajasthan sells goods to a dealer in Madhya Pradesh worth 50,000. Suppose, the IGST rate is 12%. In such a case, the seller will charge 36,000 as IGST and this entire amount will go to Central Government.
GST collected under IGST is divided between Central and State Governments as per the rates specified by the Government.

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On which side of the Trial Balance, the following Ledger balances will appear:-

Purchases Return
Furniture
Bank Loan
Discount allowed
Capital
Drawings
Return Inwards
Bills Receivable

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On 31st December, 2014 my Cash Book showed a credit balance of ₹ 8,800. I had paid into Bank three cheques amounting to ₹ 6,000 on 24th December of which I found ₹ 3,200 have been credited in the Pass Book under date 5th January 2015. I had issued cheques amounting to ₹ 8,000 before 31st December of which I found ₹ 2,500 have been debited in the Pass Book after 1st January 2015. I find a debit of ₹ 50 in respect of bank charges in the Pass Book which I have adjusted in the Cash Book on 31st Dec. There is a credit of ₹ 360 for interest on securities in the Pass Book which remains to be adjusted. A cheque of ₹ 1,200 deposited into bank has been dishonoured.
Prepare Bank Reconciliation Statement as on 31st Dec. 2014.

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Mr. Jain operates two bank accounts both of which are maintained in the columnar cash book itself. You are required to prepare a proforma of the cash book, record the following transactions therein and draw the closing balances as on 30 June, 2023:

2023		₹
June 20	Opening Balance of Cash	1,180
	Progressive Bank	19,040
	Goodwill Bank (Overdraft)	6,460
20	Received a cheque for₹ 1,800 from a debtor Mr. X and deposited in Goodwill Bank. The Bank credited the amount on 23rd June and debited 4 as its collection charges.
21	Purchased goods for 18,210 and a cheque issued on Progressive Bank.
22	Paid office expenses 410 and 80 for stationery in cash.
23	Deposited a cheque for ₹21,090 being sale proceeds of goods in Progressive Bank. The Bank credited the amount on the same day and debited 21 as cheque discounting charges.
23	A cheque for₹ 8,000 drawn by Mr. Jain himself on Progressive Bank was deposited in his account with Goodwill Bank.
25	Cash drew from the account with Progressive Bank 600 for office use.
25	A cheque for 1,100 received from Mr. A and earlier deposited in Goodwill Bank (on 14 4th June) was returned unpaid and Bank debited 10 towards its charges. Mr. Jain received the amount of returned cheque and Bank charges in cash from Mr. A.
28	Deposited cash 1,500 in the account with Goodwill Bank.
29	Purchased postal stamps for 200 and paid in cash.