Question

If input central GST is Rs 45000 , output state GST is Rs 30000 and output Central GST is rupees 15000 treatment is is

1Assets side in balance sheet rupees 15000
2In assets rupees 45000
3In assets rupees 30000
4Input in assets and output in in liabilities
5None of the above

Answer 1

Total-2,45,000

CGST6%Nil

VAT12.50%30,625

SGST6%Nil