January Computation

Last updated at December 16, 2024 by

MAKE SEPARATE COMPUTATIONS FOR JULY TO FEB IN FOLLOWING FORMAT

COMPUTATION OF January

PARTICULARS CGST SGST TOTAL
AMOUNT TAX RATE TAX AMOUNT TAX RATE TAX
GST LIABILITY(OUTPUT GST)              
ON SALES 336000 9% 30240 336000 9% 30240 60480
INPUT REVERSAL 0 9% 0 0 9% 0 0
TOTAL OUTPUT     30240     30240 60480
               
GST CREDIT(INPUT GST)              
ON PURCHASES 130000 9% 11700 130000 9% 11700 23400
ADD OPENING GST CREDIT     78732     78732 157464
TOTAL GST CREDIT     90432     90432 180864
               
GST PAYABLE (BY CASH)              
OR              
GST CREDIT CARRY FORWARD     60192     60192 120384
               

 

 

Remove Ads Share on WhatsApp
CA Maninder Singh's photo - Co-founder, Teachoo

Made by

CA Maninder Singh

CA Maninder Singh is a Chartered Accountant for the past 14 years. He also provides Accounts Tax GST Training in Delhi, Kerala and online.