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
               

 

 

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