Calculation Of GST ( IGST, CGST & SGST) in Tally.ERP9

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

TABLE OF GST ADJUSTMENT :

Particulars	IGST	CGST	SGST
Output GST Liability	3600	15,975	15,975
Less : Input GST Credit
Input CGST		5960
Input SGST			5960
Input IGST	3600	10015	4985
Amount Payable i.e SGST only	NIL	NIL	5030

Any IGST credit will first be applied to set off IGST and then CGST.

Balance if any will be applied to setoff SGST.

So out of total input IGST of Rs. 18,600, firstly it will be completely setoff against IGST i.e. 3600. Then balance Rs.15,000 against CGST i.e. Rs. 10015 and remaining Balance of Rs. 4985 against SGST

From the total Output GST Rs.35,550, only Output SGST of Rs. 5030 is payable.

So the Set-Off Entries will be -

1. Setoff against CGST Output

Output CGST A/c Dr. ……… 15975

To Input CGST A/c 5960

To Input IGST A/c 10015

2. Setoff against SGST Output

Output SGST A/c Dr. ……… 15975

To Input SGST A/c 5960

To Input IGST A/c 4985

To Output SGST Payable A/c 5030

3. Setoff against IGST Output