Sir please tell me like
I have purchased raw material R's 128000 with 18% GST
And I process in finished product and sale it 220000 with 18% gst then what r the amt for gst I have to pay
( Raw material 128000 process cost 82000 profit 10000 = sales price 220000/-)
Answers!
Hi Chetan,
Particular
Rate
Amount
Purchase
128000
Input CGST
9%
11520
Input SGST
9%
11520
Total
151040
Particular
Rate
Amount
Sales
220000
Output CGST
9%
19800
Output SGST
9%
19800
Total
259600
Particular
CGST
SGST
Output
19800
19800
Input
11520
11520
GST Payable
8280
8280
Comment
Answer the question...
Hi Chetan,
| Particular | Rate | Amount |
| Purchase | 128000 | |
| Input CGST | 9% | 11520 |
| Input SGST | 9% | 11520 |
| Total |
151040 |
| Particular | Rate | Amount |
| Sales | 220000 | |
| Output CGST | 9% | 19800 |
| Output SGST | 9% | 19800 |
| Total | 259600 |
| Particular | CGST | SGST |
| Output | 19800 | 19800 |
| Input | 11520 | 11520 |
| GST Payable | 8280 | 8280 |
Comment