GSTR-1,GSTR-2 and GSTR-3B Report

 

GST Tax Information

 

GST- Goods and Service Tax

CGST@6% -Central Goods and Service Tax

SGST@6% -State Goods and Service Tax

IGST@12% -Integrated Goods and Service Tax

 

GSTR 1   - Sales Report

GSTR 2   - Purchase Report

GSTR 3B - Purchase and Sale Report

ITC   - Input Tax Credit

 

(GSTR 2A)

Purchase

Goods@18%        500000/-

CGST@9%           45000/-

SGST@9%           45000/-

Total                       590000/-

 

(GSTR 1)

Sale

Goods@18%        550000/-

CGST@9%             49500/-

SGST@9%              49500/-

Total                       649000/-

 

(GSTR 3B)

Particular            Taxable Value           CGST                   SGST

Outward Supplies             5500000/-                       49500/-                         49500/-

Eligible ITC                      5000000/-                        45000/-                        45000/-

 

Taxable Liability - Eligible ITC = Payable Amount

 

CGST               49500 - 45000             =      4500/-

SGST               49500 - 45000             =      4500/-

                        99000/- 90000/-                    9000/-

 

Eligible ITC –Tax Liability = ITC (Input Tax Credit)

ITC Return =   9000/-