November Computation

Last updated at Dec. 16, 2024 by

MAKE SEPARATE COMPUTATIONS FOR JULY TO FEB IN FOLLOWING FORMAT

COMPUTATION OF November

PARTICULARS CGST SGST TOTAL
AMOUNT TAX RATE TAX AMOUNT TAX RATE TAX
GST LIABILITY(OUTPUT GST)              
ON SALES 360000 9% 32400 360000 9% 32400 64800
ON ADVANCE  0 9% 0 0 9% 0 0
INPUT REVERSAL 0 9% 0 0 9% 0 0
TOTAL OUTPUT     32400     32400 64800
               
GST CREDIT(INPUT GST)              
ON PURCHASES 600000 9% 54000 600000 9% 54000 108000
ADD OPENING GST CREDIT     57560.64     57560.64 36892.8
TOTAL GST CREDIT     111560.6     111560.6 144892.8
               
GST PAYABLE (BY CASH)              
OR              
GST CREDIT CARRY FORWARD     79160.64     79160.64 80092.8
               

 

 

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CA Maninder Singh

CA Maninder Singh is a Chartered Accountant for the past 14 years. He also provides Accounts Tax GST Training in Delhi, Kerala and online.