Skip to main content
Super TutorResources
Chapter 6 of 28
Concept Maps

Accounting for Goods and Service Tas (GST) — Concept Maps

ICSE · Class 11 · Accountancy

4 concept maps of Accounting for Goods and Service Tas (GST) for ICSE Class 11 Accountancy, each also written out as a text outline.

44 questions40 flashcards5 concepts

Interactive on Super Tutor

Studying Accounting for Goods and Service Tas (GST)? Get the full interactive chapter.

Quizzes, flashcards, AI doubt-solver and a step-by-step study plan — built for concept maps and more.

Try Super Tutor — Free

Free trial, no card needed.

4 Concept Maps

GST Accounting Process Flow

GST Accounting Process Flow

The map in words

  • Business Transaction
    • Type of Transaction?
      • Purchase within State: Debit Purchases A/c
        • Debit Input CGST & SGST
          • Calculate Net GST
            • Output > Input?
              • Yes: Pay GST to Government
                • Settlement Complete
              • No: Carry Forward Credit
      • Sale within State: Debit Debtors A/c
        • Credit Output CGST & SGST
      • Purchase Inter-state: Debit Purchases A/c
        • Debit Input IGST
      • Sale Inter-state: Debit Debtors A/c
        • Credit Output IGST

GST: Comprehensive Overview

GST: Comprehensive Overview

The map in words

  • GST Overview
    • Meaning and Nature
      • Multi-stage Tax
      • Value Addition Tax
      • Destination Based
      • Indirect Tax
    • Objectives
      • One Nation One Tax
      • Simplify Taxation
      • Prevent Tax Cascading
      • Boost Tax Efficiency
    • Features
      • Five Tier Rate Structure
      • 0% 5% 12% 18% 28%
      • Unified Tax Regime
      • Turnover Limit 1 Crore
    • Contents Types
      • CGST Central Tax
      • SGST State Tax
      • IGST Integrated Tax
      • Intra-state Transactions
      • Inter-state Transactions
    • Accounting Concepts
      • Input GST Paid
      • Output GST Collected
      • Input Tax Credit
      • Net Tax Liability
    • Journal Entries
      • Purchases
      • Sales
      • Returns
      • Expenses
      • Settlement
    • Advantages
      • Simplified Compliance
      • Prevents Cascading
      • Broader Tax Base
      • Efficient Logistics
    • Composition Scheme
      • For Small Businesses
      • Turnover up to 1 Crore
      • Flat Rate 1%
      • No Input Credit

Shows how GST is applied at multiple stages with input tax credit mechanism at each stage of the supply chain

Shows how GST is applied at multiple stages with input tax credit mechanism at each stage of the supply chain

The map in words

  • Manufacturer
    • Value Added: Wholesaler
      • Value Added: Retailer
        • Value Added: Consumer
        • GST Charged: Stage 3
      • GST Charged: Stage 2
    • GST Charged: Stage 1

GST accounting records the tax paid on purchases as input tax, the tax collected on sales as output tax, and sets off one against the other before paying the balance to the Government.

GST accounting records the tax paid on purchases as input tax, the tax collected on sales as output tax, and sets off one against the other before paying the balance to the Government.

The map in words

  • GST accounting records the tax paid on purchases as input tax, the tax collected on sales as output tax, and sets off one against the other before paying the balance to the Government.
    • Meaning of GST
    • Objectives of GST
    • Features of GST
    • Types of GST
    • GST rate structure
    • Composition scheme
    • Input GST and Output GST
    • GST journal entries

Explore these maps interactively

Explore Diagrams

Frequently Asked Questions

What are the important topics in Accounting for Goods and Service Tas (GST) for ICSE Class 11 Accountancy?
Key topics in Accounting for Goods and Service Tas (GST) include Meaning, Nature, and Objectives of GST, Types of GST and Tax Revenue Sharing, GST Rate Structure and Composition Scheme, Input GST, Output GST, and Journal Entries. Study these first, then practise questions on each for Class 11 exams.
What do the concept maps for Accounting for Goods and Service Tas (GST) show?
The 4 maps show how the ideas in Accounting for Goods and Service Tas (GST) connect: GST Accounting Process Flow; GST: Comprehensive Overview. Each map is also written out as an outline on this page.
How should I revise Accounting for Goods and Service Tas (GST) for Class 11 exams?
Learn the core ideas first, then work through the 44 practice questions on Accounting for Goods and Service Tas (GST). Revise definitions regularly and use flashcards for quick recall before the exam.

Sources & Official References

Content is aligned to the official syllabus. Refer to the board website for the latest curriculum.

More resources for Accounting for Goods and Service Tas (GST)

All ICSE Class 11 Accountancy Concept Maps

For serious students

Get the full Accounting for Goods and Service Tas (GST) chapter — start free.

Quizzes, flashcards, an AI doubt solver and a study plan for ICSE Class 11 Accountancy. Free to start, no card needed.

Try Super Tutor Free
Try this chapter free