Suppose next month | ||
OUTPUT GST | 500 | |
INPUT GST | 580 | (apart from opening) |
Calculate GST Payble |
View answer
GST PAYABLE −80
Particulars | Amount |
OUTPUT GST | 500 |
Input Gst | 580 |
Add Opening | 70 |
Total Input | 650 |
Gst Payable | 0 |
Gst Credit | 150 |
Last updated at Dec. 16, 2024 by Teachoo
Suppose next month | ||
OUTPUT GST | 500 | |
INPUT GST | 580 | (apart from opening) |
Calculate GST Payble |
GST PAYABLE −80
Particulars | Amount |
OUTPUT GST | 500 |
Input Gst | 580 |
Add Opening | 70 |
Total Input | 650 |
Gst Payable | 0 |
Gst Credit | 150 |
About the Author
CA Maninder Singh is a Chartered Accountant for the past 14 years. He also provides Accounts Tax GST Training in Delhi, Kerala and online.