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Following are purchase and sales of July
Suppose Goods Purchased as follows
| PARTICULARS | QTY | RATE | AMT |
| PURCHASE | 15000 | 20 | 300000 |
| CGST | 27000 | ||
| SGST | 27000 | ||
| TOTAL | 354000 |
SALES MADE AS FOLLOWS
| PARTICULARS | QTY | RATE | AMT |
| PURCHASE | 4000 | 25 | 100000 |
| CGST | 9000 | ||
| SGST | 9000 | ||
| TOTAL | 118000 |
Business Closed in Aug and GST No Surrendered
Prepare GST Computation for July and Aug
JULY
| PARTICULARS | AMT | RATE | CGST | AMT | RATE | SGST |
| OUTPUT ON SALES | 100000 | 9% | 9000 | 100000 | 9% | 9000 |
| INPUT ON PURCHASE | 300000 | 9% | 27000 | 300000 | 9% | 27000 |
| GST PAYABLE | 0 | 0 | ||||
| GST CREDIT | 18000 | 18000 |
AUG
We have unsold qunatiy of 11000 units
we have to Reverse input on this 11000
| PARTICULRS | QTY | RATE | AMT |
| PURCHASE | 11000 | 20 | 220000 |
| CGST | 19800 | ||
| SGST | 19800 | ||
| TOTAL | 259600 |
| PARTICULARS | AMT | RATE | CGST | AMT | RATE | SGST |
| OUTPUT ON SALES | 0 | 9% | 0 | 0 | 9% | 0 |
| OUTPUT ON GST REVERSAL | 19800 | 19800 | ||||
| TOTAL OUTPUT | 19800 | 19800 | ||||
| INPUT ON PURCHASE | 0 | 9% | 0 | 0 | 9% | 0 |
| ADD OPENING GST CREDIT | 18000 | 18000 | ||||
| TOTAL INPUT | 18000 | 18000 | ||||
| GST PAYABLE | 1800 | 1800 | ||||
| GST CREDIT | ||||||
