Hello Sir,
sir, if im purchasing URD for material Rs 27000
and same will be sale at Rs.34000...gst@18%
its any profit or loss ???
profit means how much ?
loss means how ?
Answers!
If seller sale a material for the month November and Purchaser received materials same month but Purchaser received a bill for the month December.
so, when party entry in his own ledger and in which month party pay the Tax.
Comment
If seller sale a material for the month November and Purchaser received materials same month but Purchaser received a bill for the month December.
so, when party entry in his own ledger and in which month party pay the Tax.
Dear sir,
Seller generate a bill for the month December but Purchaser not paid GST same month.
so, How party paid tax against this bill...
Thank You
IF SALES IS TAX EXTRA
IF SALES IS TAX INCLUSIVE
PURCHASE
27000
PURCHASE
27000
GST
0
GST
0
TOTAL
27000
TOTAL
27000
SALES
34000
SALES
28814
GST 18%
6120
GST 18%
5186
TOTAL
40120
TOTAL
34000
SALES
34000
SALES
28814
EXP
27000
EXP
27000
PROFIT
7000
PROFIT
1814
OUTPUT
6120
OUTPUT
5186
INPUT
0
INPUT
0
GST PAYABLE
6120
GST PAYABLE
5186
thnq sir for your answer in that answer how much gst will paid to government ?
IF SALES IS TAX EXTRA
IF SALES IS TAX INCLUSIVE
PURCHASE
27000
PURCHASE
27000
GST
0
GST
0
TOTAL
27000
TOTAL
27000
SALES
34000
SALES
28814
GST 18%
6120
GST 18%
5186
TOTAL
40120
TOTAL
34000
SALES
34000
SALES
28814
EXP
27000
EXP
27000
PROFIT
7000
PROFIT
1814
Answer the question...
If seller sale a material for the month November and Purchaser received materials same month but Purchaser received a bill for the month December.
so, when party entry in his own ledger and in which month party pay the Tax.
Comment
If seller sale a material for the month November and Purchaser received materials same month but Purchaser received a bill for the month December.
so, when party entry in his own ledger and in which month party pay the Tax.
Dear sir,
Seller generate a bill for the month December but Purchaser not paid GST same month.
so, How party paid tax against this bill...
Thank You
| IF SALES IS TAX EXTRA | IF SALES IS TAX INCLUSIVE | |||
| PURCHASE | 27000 | PURCHASE | 27000 | |
| GST | 0 | GST | 0 | |
| TOTAL | 27000 | TOTAL | 27000 | |
| SALES | 34000 | SALES | 28814 | |
| GST 18% | 6120 | GST 18% | 5186 | |
| TOTAL | 40120 | TOTAL | 34000 | |
| SALES | 34000 | SALES | 28814 | |
| EXP | 27000 | EXP | 27000 | |
| PROFIT | 7000 | PROFIT | 1814 | |
| OUTPUT | 6120 | OUTPUT | 5186 | |
| INPUT | 0 | INPUT | 0 | |
| GST PAYABLE | 6120 | GST PAYABLE | 5186 | |
thnq sir for your answer in that answer how much gst will paid to government ?
| IF SALES IS TAX EXTRA | IF SALES IS TAX INCLUSIVE | |||
| PURCHASE | 27000 | PURCHASE | 27000 | |
| GST | 0 | GST | 0 | |
| TOTAL | 27000 | TOTAL | 27000 | |
| SALES | 34000 | SALES | 28814 | |
| GST 18% | 6120 | GST 18% | 5186 | |
| TOTAL | 40120 | TOTAL | 34000 | |
| SALES | 34000 | SALES | 28814 | |
| EXP | 27000 | EXP | 27000 | |
| PROFIT | 7000 | PROFIT | 1814 | |