Which is Better ITC Avaialble or Not Available.jpg

  1. Courses
  2. Free GST Certification Course

Transcript

Calculate Output Input and GST Payable IF ITC AVAILABLE IF NO ITC On Purchase of Stationary,we get ITC (Certain Expenses like Purchase of Food Items, there is no ITC Sales 10000+5000 GST Purchase 8000+4000 GST Stationary 6000+300 GST Output 5000 Less Input 4300 GST PAYABLE 700 Output 5000 Less Input 4000 GST PAYABLE 1000 Sales 10000+5000 GST Purchase 8000+4000 GST Food 6000+300 GST Less Tax More Tax Beneficial Not Beneficial teachoo.com

About the Author

CA Maninder Singh's photo - Expert in Practical Accounts, Taxation and Efiling
CA Maninder Singh
CA Maninder Singh is a Chartered Accountant for the past 10 years. He also provides Accounts Tax GST Training in Delhi and Pune.