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MAKE SEPARATE COMPUTATIONS FOR JULY TO FEB IN FOLLOWING FORMAT

COMPUTATION OF October

PARTICULARS CGST SGST TOTAL
AMOUNT TAX RATE TAX AMOUNT TAX RATE TAX
GST LIABILITY(OUTPUT GST)              
ON SALES 47040 9% 4233.6 47040 9% 4233.6 8467.2
ON ADVANCE  0 9% 0 0 9% 0 0
INPUT REVERSAL 0 9% 0 0 9% 0 0
TOTAL OUTPUT     4233.6     4233.6 8467.2
               
GST CREDIT(INPUT GST)              
ON PURCHASES 252000 9% 22680 252000 9% 22680 45360
ADD OPENING GST CREDIT     39114.24     39114.24  
TOTAL GST CREDIT     61794.24     61794.24 45360
               
GST PAYABLE (BY CASH)              
OR              
GST CREDIT CARRY FORWARD     57560.64     57560.64 36892.8
               

 

 

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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.