How to workout the gst
This query is : Resolved
TARIQUE RIZVI
(Querist)
06 August 2016
Supppose Sales is Rs 100
Purchase Rs 80
Gross Profit Rs 20
How we will workout GST
Purchase Rs 80
Gross Profit Rs 20
How we will workout GST
08 August 2016
GST will applicable on supply of Goods and/or services.
Amol S Joglekar
(Expert)
21 September 2016
assume rate of CGST 10% and SGST 8% and also assume the transaction of purchase as well as sales is INTRA state
debit purchase 80
debit cgst for Input credit 8
debit sgst for Input credit 6.4
credit bank/supplier as the case may be
debit bank/debtor as the case may be 118
credit sales 100
credit cgst 10
credit sgst 8
debit purchase 80
debit cgst for Input credit 8
debit sgst for Input credit 6.4
credit bank/supplier as the case may be
debit bank/debtor as the case may be 118
credit sales 100
credit cgst 10
credit sgst 8
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