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Calculation of GST ( IGST, CGST & SGST)

Example 1 : The following Transaction has been done by the Swayam Education Pvt. Ltd. Based on this transaction compute the GST payable to the Government.

1.         Purchase from Raj Infotech-Local Dealer, 5 CDs of Antivirus Software @ Rs. 800 each, with Input GST rate @ 18%. i.e. Rs.. 720 -  [ CGST (9%) Rs.360 and SGST (9%) Rs.360 ]

2.         Purchase from Microtek India Ltd.-Local Dealer , 10 Monitors @  Rs. 4000 each, with Input GST @ 28% i.e. Rs.11,200 – [ CGST (14%) Rs.5600 and SGST (14%) Rs. 5600. ]

3.         Purchase 2 ‘Hp-Laptop’ @ Rs. 45,000 with Input IGST @ 18% i.e. Rs. 16,200.

and

2 Mi-Note 4 Mobiles @ Rs. 10,000 each with Input IGST 12% i.e. Rs.2,400 –  in Cash from  Outside State – West Bengal from Registered Dealer ( with GSTN – 22AAAAA0000A1Z5 ) .

4.         Sale of 5 Antivirus Software CDs @ Rs.1500 to Rajib Roy & Sons with output GST 18% i.e. Rs. 1350 – [CGST (9%) Rs. 675 and SGST (9%) Rs.675 ]

5.         Sale of 10 Monitors @ Rs.4500 , to H. Goenka Traders with Output GST @ 28% i.e. Rs. 12600 – [ CGST (14%) Rs. 6300 and SGST (14%) Rs. 6300 ]

6.         Sale of 2  ‘Hp-Laptop’ @ Rs 50,000 with Output GST @ 18% i.e. Rs.18,000 [ CGST (9%) Rs.9,000 and SGST (9%) Rs.9,000 ] in Cash within State 

7.         2  Mi-Note 4 Mobiles Outside State @ Rs. 15,000 each with Output IGST 12% i.e. Rs. 3600  in Cash to a Party in Outside State i.e. Andhra Pradesh. 

 Solutions :

For PURCHASE & PAYMENT :

IGST

CGST

SGST

For Transaction 1 : GST paid to party on assessable value of Rs.4,000 @ 18 % GST is Rs. 720

 

360

360

For Transaction 2 : GST paid  to Party on the assessable Value of Rs. 40,000 @ 28% GST is Rs. 11,200

 

5600

5600

For Transaction 3 : IGST paid on the assessable Value of Rs. 90,000 @ 18% GST is Rs. 16,200 &  Rs. 20,000 @ 12% GST is Rs. 2,400 [ 16200+2400]

18600

 

 

Total of Input GST [ IGST, SGST & CGST]

18600

5960

5960

For SALES :

 

 

 

For Transaction 6 : GST received from Party on assessable value of Rs. 7,500  @ 18% GST Rs. 1350

 

675

675

For Transaction 7 : GST received from Party on assessable value of Rs. 45,000 @ 28 % GST Rs. 12600

 

6300

6300

For Transaction 8 : GST received on the assessable Value of Rs. 1,00,000 @ 18% GST is Rs. 18,000.

 

9000

9000

For Transaction 9 : IGST received on the assessable Value of Rs. 30,000 @ 12% IGST is Rs.3600 for sale outside State.

3600

 

 

Total Output GST [ IGST, SGST & CGST]

3600

15,975

15,975

 

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15 Chapters in Tally.ERP9 Book + 21 Chapters in GST Practical Assignment on GST in Tally.ERP9 & All features are described with Practical Problems with Solutions.

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