What is Output GST ?
View AnswerGST on sales is called Output GST.
What is Input GST?
View AnswerGST on purchases is called Input GST.
What is GST Payable ?
View AnswerOutput GST - Input GST = GST Payable
Question 1
Sales Amount Within State 100000
Purchase Amount Within State 80000
GST Rate
CGST 9%
SGST 9%
Calculate GST Payable
GST Computation Format:-
PARTICULARS | AMT | CGST | SGST | TOTAL GST |
Output GST | 100000 | 9000 | 9000 | 18000 |
input GST | 80000 | 7200 | 7200 | 14400 |
GST PAYABLE | 1800 | 1800 | 3600 |