Local Sales Tax Inclusive

Transcript

Tax Extra Case 8000 Items Purchased @ 40 each(GST Extra) Same are sold @ 50 each (Gst Extra) Tax on Goods is 28% Complete Following Tables Particulars QTY RATE AMT PURCHASE ADD CGST ADD SGST TOTAL -a- Particulars QTY RATE AMT PURCHASE 8000 40 320000 ADD CGST 14% 44800 ADD SGST 14% 44800 TOTAL 409600 -ea- Particulars QTY RATE AMT SALES ADD CGST ADD SGST TOTAL -a- Particulars QTY RATE AMT SALES 8000 50 400000 ADD CGST 14% 56000 ADD SGST 14% 56000 TOTAL 512000 -ea- Particulars TAXABLE VALUE CGST SGST Total Tax OUTPUT GST INPUT GST GST PAYABLE -a- Particulars TAXABLE VALUE CGST SGST Total Tax OUTPUT GST 400000 56000 56000 112000 INPUT GST 320000 44800 44800 89600 GST PAYABLE 11200 11200 22400 -ea- Tax Inclusive Case 8000 Items Purchased @ 40 each (GST incclusive) Same are sold @ 50 each (GST Inclusive) Tax on Goods is 28% Complete Following Tables Particulars QTY RATE AMT PURCHASE ADD CGST ADD SGST TOTAL -a- Particulars QTY RATE AMT PURCHASE 8000 31.25 250000 ADD CGST 14% 35000 ADD SGST 14% 35000 TOTAL 320000 -ea- Particulars QTY RATE AMT SALES ADD CGST ADD SGST TOTAL -a- Particulars QTY RATE AMT SALES 8000 39.0625 312500 ADD CGST 14% 43750 ADD SGST 14% 43750 TOTAL 400000 -ea- Particulars TAXABLE VALUE CGST SGST Total Tax OUTPUT GST INPUT GST GST PAYABLE -a- Particulars TAXABLE VALUE CGST SGST Total Tax OUTPUT GST 312500 43750 43750 87500 INPUT GST 250000 35000 35000 70000 GST PAYABLE 8750 8750 17500 -ea-