INTER- STATE TRADE OF GOODS

PARTICULARS INVOICE  VALUE UNDER CURRENT TAX SYSTEM AMOUNT (Rs)  INVOICE VALUE UNDER GST AMOUNT (Rs)
Sale by (X) Input manufacturer(Haryana) to (Y)another manufacturer(Haryana)    
Cost of production 1000 1000
Add profit margin(@10%) 100 100
Manufacturing price 1100 1100
Add excise duty @12.5% 138 0
Total 1238 1100
Add VAT @ 10%(Rounded to nearest rupees) 124 0
Add Central tax @ assumed 10% 0 110
ADD State tax @ assumed 10% 0 110
INVOICE VALUE 1362 1320
Sale by (Y) manufacturer(Haryana) to wholesale dealer (z) of Delhi -Inter-state    
Cost 1100 1100
Add  value addition & profit margin(@15%) 165 165
Manufacturing price 1265 1265
Add excise duty @12.5% 158 0
Total 1423 1265
Add CST @ 2%( Sale aginst C FORM) 28 0
Add IGST @20% ( CGST+SGST) 0 253
INVOICE VALUE 1451 1518
ENTRY TAX levy when goods enter in Delhi(Rs 20)  20  
     
 EXCISE DUTY LIABILITY( Rounded of nearest rupees section 37D) 158  
 AVAILMENT OF CENVAT 138  
PAYMENT through PLA 20  
CST LIABILITY 28  
ITC AVAILABLE 124  
REFUND CLAIMED -96  
Integrated tax liability   253
ITC of CGST in E-credit ledger   110
ITC OF SGST in E-credit ledger   110
PAYMENT(IGST) through E-cash ledger   33
PARTICULARS INVOICE  VALUE UNDER CURRENT TAX SYSTEM AMOUNT (Rs)  INVOICE VALUE UNDER GST AMOUNT (Rs)
Sale by (Z) wholesale dealer(Delhi) to Consumer with in state    
Purchase Cost(COST +EXCISE DUTY+CST+ENTRY TAX) 1471 1265
Add profit margin(@10%) 147 127
TOTAL (Cost of sales) 1618 1392
Add VAT @ 10%(Rounded to nearest rupees) 162 0
Add Central tax @10% 0 139
ADD State tax @10% 0 139
INVOICE VALUE 1780 1670
VAT LIABILITY 162  
ITC AVAILABLE 0  
PAYMENT through PLA 162  
Cental tax liability   139
ITC of IGST AVAILABLE   139
PAYMENT(CGST)through E-cash ledger   0
State tax liability   139
ITC of IGST through E-cash ledger   114
PAYMENT(SGST)through E-cash ledger   25

NOTES:-

1. CST and Entry tax become part of cost when purchased from another State.

2. 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 comparison of previous Law and GST law more understandable. So we assumed that credit of inward supply is only available in E-credit ledger. However, credit of CGST and SGST first utilized respectively if balance remains it can be utilized for IGST (Section 49)).
Credit of IGST is first utilized for IGST, balance, if any, can be utilized for CGST and SGST. In this example IGST paid of RS 253 first utilized for CGST for amount of Rs. 139 and balance Rs. 114 used for SGST payment according to section 49.