MAKE SEPARATE COMPUTATIONS FOR JULY TO FEB IN FOLLOWING FORMAT

COMPUTATION OF December

PARTICULARS CGST SGST TOTAL
AMOUNT TAX RATE TAX AMOUNT TAX RATE TAX
GST LIABILITY(OUTPUT GST)              
ON SALES 524762.71 9% 47228.64 524762.7 9% 47228.64 94457.29
ON ADVANCE  0 9% 0 0 9% 0 0
INPUT REVERSAL 0 9% 0 0 9% 0 0
TOTAL OUTPUT     47228.64     47228.64 94457.29
               
GST CREDIT(INPUT GST)              
ON PURCHASES 520000 9% 46800 520000 9% 46800 93600
ADD OPENING GST CREDIT     79160.64     79160.64 158321.3
TOTAL GST CREDIT     125960.6     125960.6 251921.3
               
GST PAYABLE (BY CASH)              
OR              
GST CREDIT CARRY FORWARD     78732     78732 157464
               

 

 

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