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MAKE SEPARATE COMPUTATIONS FOR JULY TO FEB IN FOLLOWING FORMAT

COMPUTATION OF September

PARTICULARS CGST SGST TOTAL
AMOUNT TAX RATE TAX AMOUNT TAX RATE TAX
GST LIABILITY(OUTPUT GST)              
ON SALES 272000 9% 24480 272000 9% 24480 48960
ON ADVANCE  556237.29 9% 50061.36 556237.3 9% 50061.36 100122.7
INPUT REVERSAL 0 9% 0 0 9% 0 0
TOTAL OUTPUT     74541.36     74541.36 149082.7
               
GST CREDIT(INPUT GST)              
ON PURCHASES 285000 9% 25650 285000 9% 25650 51300
ADD OPENING GST CREDIT     88005.6     88005.6  
TOTAL GST CREDIT     113655.6     113655.6  
               
GST PAYABLE (BY CASH)              
OR              
GST CREDIT CARRY FORWARD     39114.24     39114.24 -149083
               

 

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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.