Rate-wise check of purchase credit, sales tax and closing stock for one period.
1. Choose period
2. Rate-wise figures for that period
3. GST credit ledger
Use the balance at the start of the period (the previous period's closing balance). The period's own 2B credit is added separately, so using the closing balance would count it twice.
Result
Estimate only. Closing stock should be the value at cost excluding GST, as per books or the trading account. Blocked credit, reverse charge, credit notes and mixed-rate stock can change the real figures. Check against the GST portal before paying. Provided by The Tax Office.