18 - Purchase Gst Entrypdf -

If the supplier is from a different state, replace CGST/SGST with IGST (18%) . Tax Calculation Formula Base Amount: Total Invoice Value / (1 + Tax Rate) GST Amount: Base Amount × 18% CGST/SGST: GST Amount ÷ 2

To record an intra-state purchase (GST within the same state) in your accounting system, follow this guide for a standard 18% GST entry. 18 - Purchase GST Entrypdf

📍 Always reconcile these entries with your GSTR-2B statement before filing your monthly returns to ensure the supplier has uploaded the invoice. If the supplier is from a different state,

You must have the supplier’s valid GST number to claim the Input Tax Credit (ITC). it is not an expense.

These are Assets (Current Assets). Since you can offset this tax against your future sales tax, it is not an expense.