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Transcript

Reverse Charge Computation Normal Case Normal Case + Reverse charge 200+5000 4200 Purchase 80000 + 4000 GST Sales 100000 + 5000 GST Sales 100000 + 5000 GST Also there is Reverse Charge bill of 4000 Suppose GST on Rev Charge =5% of 4000=200 Purchase 80000 + 4000 GST Output on Sales Input on Purchases GST Payable GST Credit 5000 4000 1000 0 Output on Sales Input on Purchases GST Payable GST Credit 5000 4000 1000 0 Output Reverse Charge Total Output Input Reverse Charge Total Input 200 200 5200 4200

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.