Tax computation

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account manager
777 Points Joined February 2011
Please Computation Tax Payable for different head ( i.e CGST, SGST,IGST) In the Month of July,2017 Purchase........................................... 1) Input CGST @ 14 % - Rs. 1827.00 2) Input CGST @ 9% - Rs. 10740.71 3) Input IGST @ 18 % Rs. 20240.65 4) Input SGST @ 14 % Rs. 1827.00 5) Input SGST @ 9% Rs. 10740.71 Sale ............................................... 1) Output CGST @ 9% Rs. 16070.40 2) Output IGST @ 18 % Rs. 46800.00 3) Output SGST @ 9% Rs. 16070.40
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On 03 August 2017 at 11:18 Report
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Chartered Accountant
1085 Points Joined May 2010

By this example total input available to you as follows

IGST : Rs 20241 SGST 12568 CGST 12568

and you GST liabilities are : IGST 46800 SGST 16070 CGST 16070

these output tax liabilities at first will be adjusted from same category than balance will be paybale by you

 

 

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On 03 August 2017 at 13:13
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account manager
777 Points Joined February 2011

 Thanks for reply. Please Explain  how many tax FINALLY payable  CGST,SGST & IGST Head.

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On 03 August 2017 at 13:57
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Chartered Accountant
1085 Points Joined May 2010

final payment liability will be as follows:

IGST 26559 SGST & CGST 3503 each

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On 03 August 2017 at 14:00
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business
2 Points Joined August 2017

CGST ( output-input) = 3000-23000= -20000

CGST ( output-input) = 14000

SGST ( output-input) = 14000

i have to pay 14000+14000= 28000-20000= 8000

So How i fil the challan on GST Portal

Anand Pincha

 

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On 11 August 2017 at 16:17


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