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MAKE SEPARATE COMPUTATIONS FOR JULY TO FEB IN FOLLOWING FORMAT

COMPUTATION OF JULY

PARTICULARS CGST SGST TOTAL
AMOUNT TAX RATE TAX AMOUNT TAX RATE TAX
GST LIABILITY(OUTPUT GST)              
ON SALES 488000 9% 43920 488000 9% 43920 87840
ON ADVANCE  420000 9% 37800 420000 9% 37800 75600
INPUT REVERSAL 0 9% 0 0 9% 0 0
TOTAL OUTPUT     81720     81720 163440
               
GST CREDIT(INPUT GST)              
ON PURCHASES 200000 9% 18000 200000 9% 18000 36000
ADD OPENING GST CREDIT     0     0 0
TOTAL GST CREDIT     18000     18000 36000
               
GST PAYABLE (BY CASH)     63720     63720 127440
OR              
GST CREDIT CARRY FORWARD              

 

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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.