MAKE SEPARATE COMPUTATIONS FOR JULY TO FEB IN FOLLOWING FORMAT

COMPUTATION OF February

PARTICULARS CGST SGST TOTAL
AMOUNT TAX RATE TAX AMOUNT TAX RATE TAX
GST LIABILITY(OUTPUT GST)              
ON SALES 300000 9% 27000 300000 9% 27000 54000
INPUT REVERSAL 300000 9% 27000 300000 9% 27000 54000
TOTAL OUTPUT     54000     54000 108000
               
GST CREDIT(INPUT GST)              
ON PURCHASES 195000 9% 17550 195000 9% 17550 35100
ADD OPENING GST CREDIT     60192     60192 120384
TOTAL GST CREDIT     77742     77742 155484
               
GST PAYABLE (BY CASH)              
OR              
GST CREDIT CARRY FORWARD     23742     23742 47484
               

 

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

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 10 years. He also provides Accounts Tax GST Training in Delhi and Pune.