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Net GST Payable

Source: Clackr original

Output CGST Rs. 18,000 and SGST Rs. 18,000; input CGST Rs. 11,500 and SGST Rs. 11,500. Net CGST payable Rs. 6,500, net SGST payable Rs. 6,500, so the total GST payable in cash is Rs. 13,000.

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Figures, entries and abbreviations: journal entries with amounts, GST invoice workings, depreciation, ratios and profit sharing. They build accuracy with the digits and punctuation of commerce work, where one wrong figure changes the meaning.

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