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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