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Input credit of gst paid on urd

Rudrayani Shedjale (Assistant Accountant) (751 Points)

18 September 2017

If we have paid Rs.3,25,000 against our URD liability for the month of July-2017. & again in the month of Aug-2017 we have fresh liability of Rs.3,50,000/-against URD transactions.

so how much tax payment should be done through challan in this month? Rs.25000/-or Rs.3,50,000/-?

please advise.

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3 Replies

RAMESH KUMAR SINGLA (PROFESSIONAL) (1777 Points)
Replied 20 September 2017

The amount of tax is to be calculated on the value of goods/services purchased from URD, multiplied with the rate of tax on such goods/services. The challan should be prepared accordingly. I presume that the amount of Rs. 3,25,000/- and amount of Rs. 3,50,000/- represent the value of goods/services purchased from the customer. You have mentioned the descripttion of goods or services purchased. However, you can find out the rate of tax from GST app.