Check sibling questions

Currently Input of Service tax is available for Excise Manufacturers
However,no input of Krishi Kalyan and Swachh Bharat Cess is available

Q1

Purchase  Raw Material            Internet Bill In Office

Particulars Amount Particulars Amount
Purchase 40000 Internet Charges 2000
Excise 12.5% 5000 Service Tax @ 14% 280
Total 45000 Swachh Bharat Cess @ 0.5% 10
Vat 5% 2250 Krishi Kalyan Cess @ 0.5% 10
Total 47250 ED Payable 2300

Sales  Finished Goods

Particulars Amount
Sales 120000
Excise 15000
Total 135000
Vat 5% 6750
Total 141750

What is Excise Duty Payable?

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What is Vat Payable?

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Note:-

After Implementation of GST,on both Goods and Services ,Central and State GST will be applicable

Purchase Semi Finished Goods           Vodafone

Particulars Amount Particulars Amount
Purchase 40000 Internet Charges 2000
CGST 2.5% 1000 CENTRAL GST 2.5% 50
SGCT 2.5% 1000 STATE GST 2.5% 50
Total 43000 Total 2100

Sales  Finished Goods

Particulars Amount
SALES 120000
CGST 2.5% 3000
SGCT 2.5% 3000
Total 126000

What is  GST Payable

View Answer

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CA Maninder Singh

CA Maninder Singh is a Chartered Accountant for the past 12 years. He also provides Accounts Tax GST Training in Delhi, Kerala and online.