14 October 2018
Hello Sir, I don't understand how payments in GST are calculated. Example: I buy goods from Gujarat every month worth Rs. 1 Lakh and pay Rs. 18 thousand IGST I Sell goods here in Maharashtra at Rs. 1.5 Lakhs and get CGST 9% i.e. Rs. 13.5 thousand and SGST 9% i.e. 13.5 thousand. My apprehension is, I ve already paid 18,000 to the seller so do I need to pay 27,000 GST payment and get 18,000 credit next month or can I avail direct credit and pay only 9,000/- Is there any excel based calculator for easy working. Please help!! S.O.S!!!
CAclubindia
