Wednesday, April 15, 2020

types of gst sales and purchases

TYPES OF GST SALES

Mainly GST sales is divided into two types

1) Intra State Sales

2) Inter State Sales


intra state sales, inter state sales, igst sales, cgst and sgst sales

1) Intra State Sales: If Goods/Services sold to with in state, its called Intra State Sales. And also called Local Sales. In this type of sales CGST and SGST is applicable. GST Amount is equally divided into CGST and SGST. For Eg GST amount is Rs.12,000. So CGST amount is Rs.6,000 and SGST amount is Rs.6,000

Types of Intra State Sales: 

A) INTRA STATE SALES @ 28%  (CGST 14%+SGST 14%)

B) INTRA STATE SALES @ 18%  (CGST 9%+SGST 9%)

C) INTRA STATE SALES @ 12%  (CGST 6%+SGST 6%)

D) INTRA STATE SALES @ 5%  (CGST 2.5%+SGST 2.5%)

E) INTRA STATE SALES @ 0% (EXEMPTED SALES) etc.,


2) Inter State Sales: If Goods/Services sold to another state, its called Inter State Sales. In this type of sales IGST is Applicable.

Type of Inter State Sales: 

A) INTER STATE SALES @ 28% 

B) INTER STATE SALES @ 18%

C) INTER STATE SALES @ 12%

D) INTER STATE SALES @ 5%

E) INTER STATE SALES @ 0% (EXEMPTED SALES) etc.,


TYPES OF GST PURCHASES

Mainly GST Purchases is divided into two types

1) Intra State Purchases

2) Inter State Purchases


intra state purchases, inter state purhcases, cgst and sgst purchases, igst purchases


1) Intra State Purchases: If Goods/Services Purchased from with in state, its called Intra State Purchases. And also called Local Purchases. In this type of purchases CGST and SGST is applicable. GST Amount is equally divided into CGST and SGST. For Eg GST amount is Rs.12,000. So CGST amount is Rs.6,000 and SGST amount is Rs.6,000

Type of Intra State Purchases: 

A) INTRA STATE PURCHASES @ 28%  (CGST 14% + SGST 14%)

B) INTRA STATE PURCHASES @ 18%  (CGST 9% + SGST 9%)

C) INTRA STATE PURCHASES @ 12% (CGST 6% + SGST 6%)

D) INTRA STATE PURCHASES @ 5%  (CGST 2.5% + SGST 2.5%)

E) INTRA STATE PURCHASES @ 0% (EXEMPTED SALES) etc.,


2) Inter State Purchases: If Goods/Services Purchased from another state, its called Inter State purchases. In this type of purchases IGST is Applicable.

Type of Inter State purchases: 

A) INTER STATE PURCHASES @ 28%  (IGST)

B) INTER STATE PURCHASES @ 18% (IGST)

C) INTER STATE PURCHASES @ 12% (IGST)

D) INTER STATE PURCHASES @ 5%  (IGST)

E) INTER STATE PURCHASES @ 0% (EXEMPTED SALES) etc.,

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