Gst payment calculations
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
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!!!
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!!!
15 October 2018
Both transactions in Same Month then You can pay after less the ITC.
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