Page 42 - Chap24Computation of GST

Answer :-
Computation of ITC available with Bhama Ltd. for April:

Particulars ITC (₹) in lakhs
IGST CGST SGST
A. Input tax credit on inputs, input services and capital goods
Fruit Pulp [Note 1] - 20 20

Sugar [Note 1] - 6 6
Preservatives [Note 1] 12 - -
Administrative expenses [Common] - 2 2

Marketing expense [Common] 10 - -
Transportation charges for supply of fruit juices [Note 2] 1 - -
Machinery 8 - -
Motor Vehicle [Note 3] - - -
Total 31 28 28

B. Input tax credit to be reversed on inputs and input services
Common credit of CGST on administrative expenses being used commonly for - (1) (1)
taxable and exempt products = ₹ 2 lakh Exempt turnover = ₹ 2,200 lakh;
Total turnover = ₹ 4,400 lakh Common credit attributable to exempt supply =
[₹ 2 x ₹ 2,200/₹ 4,400] = ₹ 1 lakh Similar reversal for SGST credit

Common credit of IGST on marketing expenses being used commonly for (5) - -
taxable and exempt products = ₹ 10 lakh Common credit attributable to exempt
supply = [₹ 10 x ₹ 2200/ ₹ 4400] = ₹ 5 lakh
Total ITC available for set off 26 27 27

Computation of net GST payable for the month of April:

Particulars Value IGST CGST SGST
(₹ in lakhs) (₹ in lakhs) (₹ in lakhs)

Intra-State sale of fresh fruits 1,100 Nil Nil Nil
Intra-State sale of vegetables 1,100 Nil Nil Nil
Intra-State sale of fresh juices 2,000 - 120 120

Intra-State sale of carbonated fruit drinks 200 - 28 28
Total output tax liability - 148 148
Less: ITC [Note 4]
IGST = 26 - (26)

CGST = 27 (27) X
SGST = 27 X (27)
Net GST payable from Electronic Cash Ledger [A] 121 95
GST payable on inward supply of GTA services under reverse 1 - -
charge through Electronic Cash Ledger [Note 5] [B]

Net GST payable through Electronic Cash Ledger [A] + [B] 1 121 95
Total GST payable in Cash 217

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