| Suppose | ||||||||
| sales | 300000 | |||||||
| Purchases | 150000 | |||||||
| gst rate | 5% | |||||||
| NORMAL SCHEME | COMPOSITION SCHEME | |||||||
| PARTICULARS | AMT | RATE | GST | PARTICULARS | AMT | RATE | CGST | |
| OUTPUT | 300000 | 5.0% | 15000 | OUTPUT | 300000 | 5.0% | 15000 | |
| INPUT | 100000 | 5.0% | 5000 | INPUT | 0 | |||
| PAYABLE | 10000 | PAYABLE | 15000 | |||||
| P&L | P&L | |||||||
| EXP | AMT | INCOME | AMT | EXP | AMT | INCOME | AMT | |
| PURCHASES | 100000 | SALES | 300000 | PURCHASES(PURCHASE+TAX) | 105000 | SALES | 315000 | |
| FOOD ITEMS | 90000 | FOOD ITEMS | 90000 | |||||
| RENT | 59000 | RENT | 59000 | |||||
| TAX EXP | 15000 | |||||||
| PROFIT | 51000 | PROFIT | 46000 | |||||
Written on May 25, 2018, 4:33 p.m.