MAKE SEPARATE COMPUTATIONS FOR JULY TO FEB IN FOLLOWING FORMAT

COMPUTATION OF November

PARTICULARS CGST SGST TOTAL
AMOUNT TAX RATE TAX AMOUNT TAX RATE TAX
GST LIABILITY(OUTPUT GST)              
ON SALES 360000 9% 32400 360000 9% 32400 64800
ON ADVANCE  0 9% 0 0 9% 0 0
INPUT REVERSAL 0 9% 0 0 9% 0 0
TOTAL OUTPUT     32400     32400 64800
               
GST CREDIT(INPUT GST)              
ON PURCHASES 600000 9% 54000 600000 9% 54000 108000
ADD OPENING GST CREDIT     57560.64     57560.64 36892.8
TOTAL GST CREDIT     111560.6     111560.6 144892.8
               
GST PAYABLE (BY CASH)              
OR              
GST CREDIT CARRY FORWARD     79160.64     79160.64 80092.8
               

 

 

  1. GST - Goods and Services Tax, India
  2. GST Computation & Accounting
Ask Download

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 8 years. He provides courses for Practical Accounts, Taxation and Efiling at teachoo.com .