our company sales and purchase is local and interstate . how to count chat mas ingat . how to get itc and calculations
og CST .please explain in detailed .give example. how to file return etc
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invoice and return
Replies (1)
Your query is not cleared.
But, I assumed and reply following...
1. Purchase from Inter State = Rs. 400000 + IGST @ 18% Rs. 72000
2. Purchase Local = Rs. 200000 + (CGST @ 9 & SGST @ 9) = Rs. 18000 + 18000
3. Sales to Inter state = Rs. 100000 + IGST 18% Rs. 18000
4. Sales Local = Rs. 600000 + (CGST @ 95 & SGST @ 9%) Rs. 54000 + Rs. 54000
Adjustments:
IGST (Output - Input) = 18000 - 72000 = (54000)
CGST (Output - Input) = 54000 - 18000 = 36000 - 36000 (c/f from IGST) = 0 (balance in IGST Rs. 18000)
SGST (Output - Input) = 54000 - 18000 = 36000 - 18000 (c/f from IGST) = 18000.
Then, finally SGST liability Rs. 18000 (its in my mobile - So any mistake i'll Reply tomorrow)
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