Saturday, April 18, 2020

gst return tutorial (Tutorial 1A)

GST RETURNS CALCULATION
TUTORIAL-1 (PART-A)


This tutorials helps you, how to calculate GST Payable amount in GST Returns. Every GST Registered dealer must file GST returns in Monthly/Quarterly basis. For better understanding please read all our tutorials. In every tutorial we have provided 3-7 examples. 

Before read our tutorials, please remember the following information. i.e.our company details, buyer and supplier details and place of GST registration. 



----------------------------------------------------------------------------------
Our Company Name: Modern Bikes
Registered Address: Andhra Pradesh

Modern Bikes Sold Goods to the following Companies 
Buyer Company 1: Pawan Moters
Registered Address: Andhra Pradesh

Buyer Company 2: Murugan Enterprises
Registered Address: Tamilnadu

Modern Bikes Purchased Goods to the following Companies
Supplier Company 1: Hitech Engineers
Registered Address: Andhra Pradesh

Supplier Company 2: John Spares Ltd
Registered Address: Kerala
-----------------------------------------------------------------------------------------------------------

EXAMPLE-1


Modern Bikes Sales for the month of April-2019 as follows:

> Goods Sold@18% to Pawan Moters for Rs. 1,00,000+GST



Modern Bikes Purchases for the month of April-2019 as follows:

> Goods Purchased@18% from Hitech Engineers for Rs.60,000+ GST


Answer:

Modern Bikes sold their goods to same state (Andhra Pradesh). So this sales comes under Intra State sales and CGST (9%) and SGST (9%) is applicable.

TABLE-S1.1
DESCRIPTION
SALE TYPE
 TAXABLE VALUE
 IGST
 CGST
 SGST
 TOTAL
SALES @ 18%
INTRA STATE
100,000

      9,000
     9,000
  118,000

Modern Bikes purchased Goods from same state (Andhra Pradesh). So this purchase comes under Intra State Purchases and CGST (9%) and SGST (9%) is applicable


TABLE-P1.1
DESCRIPTION
SALE TYPE
 TAXABLE VALUE
 IGST
 CGST
 SGST
 TOTAL
PURCHASES @ 18%
INTRA STATE
        60,000

           5,400
           5,400
        70,800

MODERN BIKES GST RETURNS FOR THE MONTH OF ARPIL-19

In GST returns you have enter Total Sales TAXABLE VALUE and Total CGST, SGST & IGST values (Output). 
In the same way you have enter Total Purchases TAXABLE VALUE and Total CGST, SGST & IGST Values (Input Tax Credit).


TABLE-R1.1 
SL.NO
DESCRIPTION
 TAXABLE VALUE
 IGST
 CGST
 SGST
3.1 (a)
OUTWARD TAXABLE SUPPLIES
   100,000
               -  
        9,000
        9,000
4.A (5)
LESS: INPUT TAX CREDIT
     60,000
               -  
        5,400
        5,400
GST PAYABLE


        3,600
        3,600

In the above table Total Output Value 9,000+9,000 and Input Value 5,400+5,400. 

GST Payable = Output-Input
                   = CGST (9000-5400) & SGST (9000-5400)
                   = CGST: 3,600 & SGST: 3,600


EXAMPLE-2

Modern Bikes Sales for the month of April-2019 as follows:

> Goods Sold@18% to Pawan Moters for Rs. 2,00,000+GST

Modern Bikes sold their goods to same state (Andhra Pradesh). So this sales comes under Intra State sales and CGST & SGST is applicable.


Modern Bikes Purchases for the month of April-2019 as follows:

> Goods Purchased@18% from Hitech Engineers for Rs.70,000+ GST
> Goods Purchased@12% from Hitech Engineers for Rs.80,000+ GST

Modern Bikes purchased Goods from same state (Andhra Pradesh). So this purchases comes under Intra State Purchases and CGST & SGST is applicable.

Answer:



DESCRIPTION
SALE TYPE
 TAXABLE VALUE
 IGST
 CGST
 SGST
 TOTAL
SALES @ 18%
INTRA STATE
      200,000

              18,000
          18,000
         236,000


TABEL-P1.2

DESCRIPTION
SALE TYPE
 TAXABLE VALUE
 IGST
 CGST
 SGST
 TOTAL
PURCHASES @ 18%
INTRA STATE
             70,000

             6,300
             6,300
           82,600
PURCHASES @ 12%
INTRA STATE
             80,000

             4,800
             4,800
           89,600
TOTAL PURCHASES

          150,000

           11,100
           11,100
        172,200


MODERN BIKES GST RETURNS FOR THE MONTH OF ARPIL-19



TABLE-R1.2
SL.NO
DESCRIPTION
 TAXABLE VALUE
 IGST
 CGST
 SGST
3.1 (a)
OUTWARD TAXABLE SUPPLIES
   200,000
               -  
     18,000
     18,000
4.A (5)
LESS: INPUT TAX CREDIT
   150,000
               -  
     11,100
     11,100
GST PAYABLE


        6,900
        6,900

In the above table Total Output Value 18,000+18,000 and Input Value 11,100+11,100. So GST Payable: 6,900+6,900

EXAMPLE-3

Modern Bikes Sales for the month of April-2019 as follows:

> Goods Sold@18% to Pawan Moters for Rs. 1,50,000+GST
> Goods Sold@18% to John Spares Ltd (Kerala) for Rs. 50,000+ GST

Pawan Moters is located in same state. That means INTRA STATE SALES. So CGST & SGST is applicable. John Spares Ltd is located in another state. That means INTER STATE SALES. So IGST is applicable. 


Modern Bikes Purchases for the month of April-2019 as follows:

> Goods Purchased@18% from Hitech Engineers for Rs.90,000+ GST 
> Goods Purchased@12% from Hitech Engineers for Rs.20,000+ GST 

Modern Bikes purchased Goods from same state (Andhra Pradesh). So this purchases comes under Intra State Purchases and CGST & SGST is applicable.

Answer:

TABLE-S1.3
DESCRIPTION
SALE TYPE
 TAXABLE VALUE
 IGST
 CGST
 SGST
 TOTAL
SALES @ 18%
INTRA STATE
           150,000

                 13,500
            13,500
           177,000
SALES @ 18%
INTER STATE
             50,000
           9,000


              59,000
TOTAL

           200,000
           9,000
                 13,500
            13,500
           236,000

TABEL-P1.3
DESCRIPTION

 TAXABLE VALUE
 IGST
 CGST
 SGST
 TOTAL
PURCHASES @ 18%
INTRA STATE
             90,000

             8,100
             8,100
        106,200
PURCHASES @ 12%
INTRA STATE
             20,000

             1,200
             1,200
           22,400
TOTAL PURCHASES

          110,000
                  -  
             9,300
             9,300
        128,600


MODERN BIKES GST RETURNS FOR THE MONTH OF ARPIL-19


TABLE-R1.3
SL.NO
DESCRIPTION
 TAXABLE VALUE
 IGST
 CGST
 SGST
3.1 (a)
OUTWARD TAXABLE SUPPLIES
   200,000
        9,000
     13,500
     13,500
4.A (5)
LESS: INPUT TAX CREDIT
   110,000
               -  
        9,300
        9,300
GST PAYABLE

        9,000
        4,200
        4,200

In the above table there is no IGST input credit. Hence IGST payable is Rs.9,000. And CGST & SGST input credit 9300+9300 available. So final CGST & SGST payable is Rs.4200+4200

EXAMPLE-4


Modern Bikes Sales for the month of April-2019 as follows:

> Goods Sold@18% to Pawan Moters for Rs. 1,50,000+GST
> Goods Sold@18% to John Spares Ltd (Kerala) for Rs. 1,00,000+ GST
> Goods Sold@12% to Pawan Moters for Rs. 40,000+GST
> Goods Sold@12% to John Spares Ltd (Kerala) for Rs. 60,000+ GST

Modern bikes supplied Goods to Andhrapradesh & Kerala States. Andhrapradesh sales comes under Intra State Sales. Beacause Modern bikes GST registration state is Andhrapradesh. So All Sales to with in Andhrapradesh comes under Intra state sales. And all sales to Outside Andhrapradesh comes under Inter State Sales.

Modern Bikes Purchases for the month of April-2019 as follows:

> Goods Purchased@18% from Hitech Engineers for Rs.90,000+ GST 
> Goods Purchased@18% from Murugan Enterprises (Tamilnadu) for Rs.30,000+ GST 
> Goods Purchased@12% from Hitech Engineers for Rs.20,000+ GST
> Goods Purchased@12% from Murugan Enterprises (Tamilnadu) for Rs.90,000+ GST 


Answer:

TABLE-S1.4

DESCRIPTION
SALE TYPE
 TAXABLE VALUE
 IGST
 CGST
 SGST
 TOTAL
SALES @ 18%
INTRA STATE
            150,000

                 13,500
            13,500
              177,000
SALES @ 18%
INTER STATE
            100,000
        18,000


              118,000
SALES @ 12%
INTRA STATE
               40,000

                   2,400
              2,400
                44,800
SALES @ 12%
INTER STATE
               60,000
           7,200


                67,200
TOTAL

            350,000
        25,200
                 15,900
            15,900
              407,000


TABLE-P1.4


DESCRIPTION
SALE TYPE
 TAXABLE VALUE
 IGST
 CGST
 SGST
 TOTAL
PURCHASES @ 18%
INTRA STATE
                 90,000

             8,100
             8,100
          106,200
PURCHASES @ 18%
INTER STATE
                 30,000
           5,400


            35,400
PURCHASES @ 12%
INTRA STATE
                 20,000

             1,200
             1,200
            22,400
PURCHASES @ 12%
INTER STATE
                 90,000
        10,800


          100,800
TOTAL PURCHASES

              230,000
        16,200
             9,300
             9,300
          264,800


MODERN BIKES GST RETURNS FOR THE MONTH OF ARPIL-19



TABLE-R1.4

SL.NO
DESCRIPTION
 TAXABLE VALUE
 IGST
 CGST
 SGST
3.1 (a)
OUTWARD TAXABLE SUPPLIES
       350,000
     25,200
     15,900
     15,900
4.A (5)
LESS: INPUT TAX CREDIT
       230,000
     16,200
        9,300
        9,300
GST PAYABLE

        9,000
        6,600
        6,600







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