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In case we purchase interstate, IGST will be charged 

This input IGST will be first adjusted against output IGST 

If balance remaining it will be adjusted in the following sequence 

  1. CGST Payable 
  2. SGST Payable

IGST Credit Image.jpg

Q12

CENTRAL PURCHASE AND LOCAL SALES

In books of a Delhi Shopkeeper

Goods Purchased from Punjab

Q 12 i.jpg

Suppose Sales made of 5000 piecesin Delhi @ 24 /piece(tax extra)

Q 12 ii.jpg

Q 12 iii.jpg

IGST Computation

Q 12 iv.jpg

-a-

A 12 i.jpg

IGST Computation

A 12 ii.jpg

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