EXAMPLE-1
INTRA- STATE TRADE OF GOODS
| PARTICULARS | INVOICE VALUE UNDER EARLIER TAX SYSTEM AMOUNT (Rs) | INVOICE VALUE UNDER GST AMOUNT (Rs) |
| Sale by (A) Input manufacturer(Haryana) to (B)another manufacturer(Haryana) | ||
| Cost of production | 2000 | 2000 |
| Add profit margin(@10%) | 200 | 200 |
| Manufacturing price | 2200 | 2200 |
| Add excise duty @12.5% | 275 | 0 |
| Total | 2475 | 2200 |
| Add VAT @ 10%(Rounded to nearest rupees) | 248 | 0 |
| Add Central tax @10% | 0 | 220 |
| ADD State tax @10% | 0 | 220 |
| INVOICE VALUE | 2723 | 2640 |
| Sale by (B) manufacturer(Haryana) to wholesale dealer© (Haryana) | ||
| Cost | 2200 | 2200 |
| Add value addition & profit margin(@15%) | 330 | 330 |
| Manufacturing price | 2530 | 2530 |
| Add excise duty @12.5% | 316 | 0 |
| Total | 2846 | 2530 |
| Add VAT @ 10% | 285 | 0 |
| Add Central tax @10% | 0 | 253 |
| ADD State tax @10% | 0 | 253 |
| INVOICE VALUE | 3131 | 3036 |
| EXCISE DUTY LIABILITY( Rounded of nearest rupees section 37D) | 316 | |
| AVAILMENT OF CENVAT | 275 | |
| PAYMENT through PLA | 41 | |
| VAT LIABILITY | 285 | |
| ITC AVAILABLE | 248 | |
| PAYMENT | 37 | |
| Cental tax liability | 253 | |
| ITC of CGST in E-credit ledger | 220 | |
| PAYMENT(CGST)through E-cash ledger | 33 | |
| State tax liability | 253 | |
| ITC of SGST in E-credit ledger | 220 | |
| PAYMENT(SGST)through E-cash ledger | 33 |
| Sale by (C) wholesale dealer(C)(Haryana) to Consumer in haryana | ||
| Purchase Cost | 2846 | 2530 |
| Add profit margin(@10%) | 285 | 253 |
| TOTAL (Cost of sales) | 3131 | 2783 |
| Add VAT @ 10%(Rounded to nearest rupees) | 313 | 0 |
| Add Central tax @10% | 0 | 278 |
| ADD State tax @10% | 0 | 278 |
| INVOICE VALUE | 3444 | 3339 |
| VAT LIABILITY | 313 | |
| ITC AVAILABLE | 285 | |
| PAYMENT through Cash | 28 | |
| Cental tax liability | 278 | |
| ITC of CGST AVAILABLE | 253 | |
| PAYMENT(CGST)through E-cash ledger | 25 | |
| State tax liability | 278 | |
| ITC of SGST AVAILABLE | 253 | |
| PAYMENT(SGST)through E-cash ledger | 25 | |
NOTES :- 1. CENTRAL EXCISE duty becomes part of cost when manufacturer B supplies goods to the dealer C.
2. ITC on CGST and SGST available subject to condition specified in ITC Chapter V and ITC Rules.
3. Credit not available on one to one link between inward and outward supply, but we are taking example of chain of one transaction to make more understandable. So we assumed that credit of inward supply is only available in E-credit ledger.