Example 1

Particular Amount
Output GST 300
Input GST 272
GST Payable 28

Now I have to deposit this 28 with government

In GST,we do not have to pay this 28 directly

I deposit 28 in my cash ledger and government deducts 28 from my cash ledger

Prepare cash ledger

View Answer

Example 2

Particular Amount
Output GST 300
Input GST 272
GST Payable 28

Suppose I deposit 30 in my cash ledger. Prepare cash ledger.

View Answer

Example 3

Suppose next month Output is 400,Input is 350,so GST Payable =50

How much challan I have to pay?

Prepare cash ledger

View Answer

Example 4

Suppose next month Output is 500,Input is 520,so GST Credit =20

How much challan I have to pay?

Prepare cash ledger

View Answer

  1. GST - Goods and Services Tax, India
  2. GST Return, Challan and Invoice Format
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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 .
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