Page 21 - Ch_10 ITC

2) Computation of total ITC:

Particulars IGST (₹) CGST (₹) SGST (₹)
Opening ITC 1,40,000 57,000 60,000
Add: ITC on Intra-State purchase of goods - 27,000 27,000
Add: ITC on Inter-State purchase of goods 45,000 - -
Total ITC 1,85,000 84,000 87,000

3) Computation of minimum GST payable from Electronic cash ledger:
Particulars IGST (₹) CGST (₹) SGST (₹)
GST Payable 1,44,000 90,000 90,000

Less: ITC (Note)
IGST: 1,85,000 (1,44,000) (22,000) (19,000)
CGST: 84,000 - (68,000) x
SGST: 87,000 - x (71,000)

Minimum GST payable in cash Nil Nil Nil
ITC balance to be carried forward next month Nil 16,000 16,000

Note:

Ü First ITC of IGST should be utilized in full, first against IGST liability and then against CGST or SGST
liabilities in any order to minimize cash outflow.
Ü ITC of CGST cannot be used for SGST & vice-versa

CCP 10.08.29.00
Satya Sai Residents Welfare Association, a registered person under GST has 30 members each paying ₹
8,000 as maintenance charges per month for sourcing of goods and services from third persons for

common use of its members.
The Association purchased a water pump for ₹ 59,000 (inclusive of GST of ₹ 9,000) and availed input
services for ₹ 23,600 (inclusive of GST of ₹ 3,600) for common use of its members during February,
20XX.
Compute the total GST payable, if any, by Satya Sai Residents Welfare Association, for February,

20XX. GST rate is 18%. All transactions are intra-State.
There is no opening ITC and all conditions for ITC are fulfilled. [CA Inter Jan 21 Exam]
Answer:-

Computation of total GST payable by Satya Sai Residents Welfare Association for February, 20XX:-
Particulars Value (`) GST @18%
Maintenance charges received [₹ 8,000×30 members] [Refer Note](It is logically 2,40,000 43,200
presumed that maintenance charges are exclusive of GST)

Total GST payable 43,200
Less:- ITC of GST paid on water pump purchased (₹ 9,000) and input services (12,600)
availed (₹ 3,600)
Net GST payable 30,600

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