On 1st January, 2018, Mr. X sold goods to Mr. Y for Rs.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 Rs.10,000 for 1 month, second bill for Rs.15,000 for 2 months and third bill for Rs.20,000 for 3 months. Mr. Y accepted and returned all the bills to Mr. X.
