INTRA- STATE TRADE OF GOODS

PARTICULARS INVOICE  VALUE UNDER CURRENT TAX SYSTEM AMOUNT (Rs)  INVOICE VALUE UNDER GST AMOUNT (Rs)
Sale by (A) Input manufacturer(Haryana) to (B)another manufacturer(Haryana)    
Cost of production 2000 2000
Add profit margin(@10%) 200 200
Manufacturing price 2200 2200
Add excise duty @12.5% 275 0
Total 2475 2200
Add VAT @ 10%(Rounded to nearest rupees) 248 0
Add Central tax @10% 0 220
ADD State tax @10% 0 220
INVOICE VALUE 2723 2640
Sale by (B) manufacturer(Haryana) to wholesale dealer¬© (Haryana)    
Cost 2200 2200
Add  value addition & profit margin(@15%) 330 330
Manufacturing price 2530 2530
Add excise duty @12.5% 316 0
Total 2846 2530
Add VAT @ 10% 285 0
Add Central tax @10% 0 253
ADD State tax @10% 0 253
INVOICE VALUE 3131 3036
 EXCISE DUTY LIABILITY( Rounded of nearest rupees section 37D) 316  
 AVAILMENT OF CENVAT 275  
PAYMENT through PLA 41  
VAT LIABILITY 285  
ITC AVAILABLE  248  
PAYMENT  37  
Cental tax liability   253
ITC of CGST in E-credit ledger   220
PAYMENT(CGST)through E-cash ledger   33
State tax liability   253
ITC of SGST in E-credit ledger   220
PAYMENT(SGST)through E-cash ledger   33
Sale by (C) wholesale dealer(C)(Haryana) to Consumer in haryana    
Purchase Cost 2846 2530
Add profit margin(@10%) 285 253
TOTAL (Cost of sales) 3131 2783
Add VAT @ 10%(Rounded to nearest rupees) 313 0
Add Central tax @10% 0 278
ADD State tax @10% 0 278
INVOICE VALUE 3444 3339
VAT LIABILITY 313  
ITC AVAILABLE 285  
PAYMENT through Cash 28  
Cental tax liability   278
ITC of CGST AVAILABLE   253
PAYMENT(CGST)through E-cash ledger   25
State tax liability   278
ITC of SGST AVAILABLE   253
PAYMENT(SGST)through E-cash ledger   25
     

NOTES :- 1. CENTRAL EXCISE duty becomes part of cost when manufacturer B supplies goods to the dealer C.

 2. ITC on CGST and SGST available subject to condition specified in ITC Chapter V and ITC Rules.

3. Credit not available on one to one link between inward and outward supply, but we are taking example of chain of one transaction to make more understandable. So we assumed that credit of inward supply is only available in E-credit ledger.