SGST,CGST, andIGSTare the 3 types of GST implemented in India. While CGST and SGST are applicable tointrastate transactionswhereas IGST is applicable tointer state transactions. Q. What is CGST, IGST, and SGST? CGST, IGST, and SGST are the 3 kinds of GST that are applied based on the ...
As you start to learn more about GST filing, you will come across three taxes that are applicable under the system: CGST: This is the tax collected by the Central Government on any intra-state sale made. SGST: This is the tax that gets collected by the State Government on an intra-...
For transactions within a state, GST comprises two components: CGST (Central GST) and SGST (State GST), both applied to the same taxable value of the product or service. The GST Council decides the rates for CGST and SGST. For example, if a product sells for ₹1,000 with an 18% GS...
Detailed guide (with sample calculations and invoice formats) to calculate the value on which GST has to be charged.
A GST invoice is a detailed document provided by a seller or service provider to a customer, listing the goods or services sold. It includes itemized pricing before taxes, as well as the applicable GST components such as CGST and SGST. This invoice serves as proof of the transaction and is...
Get the CGST Amount by using the following formula: =G13*I13 We used the following formula for having the SGST Amount. =G13*K13 To calculate the Taxable Amount, we will use the following formula: =J13+L13 By using the following formula, we will sum up the amounts of the products...
Input Tax Credit is the soul of GST Businesses should give extra care for input tax calculation Learn how to calculate claim input tax credit. Read on
The double minus signs convert the boolean value TRUE or FALSE to the corresponding number 1 or 0 (zero). Step 2 - Calculate second criterion =INDEX(D4:D6, SUMPRODUCT(--($D$8<=C4:C6),--($D$8>=B4:B6), ROW(A1:A3)))
Here are the steps to calculate the return on sales: You need to locate the net sales on the income statement. It can also be listed as revenue. Locate the operating profit on the income statement sheet. Be sure to not include the non-operating activities and expenses, such as interest ...
$igst=$pri->mindimen*$pri->maxdimen*$pri->rate*$pri->quantity*$pri->igst/100$tot+=$pri->mindimen*$pri->maxdimen*$pri->rate*$pri->quantity+$cgst+$sgst+$igst Snapey Posted 3 years ago @mkumar2001which is why you should calculate aggregates in sql not php ...