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In this case on goods purchase and sales, IGST will be charged.

Example

Q 4

Sales Amount Outside State 100000

Purchase Amount Outside State 120000

GST Rate

  • CGST 9%
  • SGST 9%

Calculate GST Payable

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Since Goods are sold Outside State,IGST will be charged

Rate of IGST=CGST+SGST=9%+9%=18%

PARTICULARS AMT IGST
Output GST 100000 18000
input GST 120000 21600
GST PAYABLE   0
GST Credit   3600

Since IGST Input  is More than IGST Output , it is  IGST Credit.

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  1. GST - Goods and Services Tax, India
  2. GST Computation & Accounting
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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 7 years. He provides courses for Practical Accounts, Taxation and Efiling at teachoo.com .
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