Tax calculation are as under
445/(100+14+14+65)*100 this is sale price excluding taxes
Now calculate respective taxes
I am trader If I purchased a product. Including all taxes sgst14%,cgst 14%,cess65% net amount of product is 435 I sell the product in 445 How much tax I have to show in invoice(cgst,sgst,cess) & what is my income Can I get a sale invoice of this product
Tax calculation are as under
445/(100+14+14+65)*100 this is sale price excluding taxes
Now calculate respective taxes
How & where to fill this in gtr1
Sir I have already paid tax in purchasing Now how to use input tax credit itc where to file it ,if in gtr3b but how to file it?
Sir I have already paid tax in purchasing Now how to use input tax credit itc where to file it ,if in gtr3b but how to file it?
The sale value exclusive of taxes shall be 445/1.93
Apply the respective rate of sgst, cgst and cess to get the amount.
You shall be eligible for claiming ITC that would be shown in your purchase invoices. Such ITC shall be auto-populated if you have given your GSTN to the dealer.
where to file it ,if in gtr3b but how to file it?
You can file GSTR 3B online through GST portal.
Your sales shall be shown as outward taxable supplies (other than zero rated, exempted) and ITC as all other ITC available.
in gstr 3b show in other inputs, and in GSTR1 if your sales is to registered person then show in B2B table and if your sales to unregistered person in other state then and single invoice more than 2.5 lakhs then shown in B2C large invoices and all other sales to unregistered show in B2C sales table.
You will have to charge applicable GST on the sale value.
You will have to raise a sale invoice.
Details of sale invoice along with GST is to be mentioned in GSTR1 and details of purchase invoice along with input credit will be auto populated in GSTR2.
All these details will also needs to be reported in GSTR 3B.