GST Sales/Purchase Deferred Tax Journal Adjustment: Difference between revisions

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(Created page with "==Introduction== :1. Negative value in 5a5b and 6a6b. :2. TAP system not accept negative value. <br /> ==GST Sales Deferred Tax== ''Menu: GL | Journal Entry...'' :1. '''Outp...")
 
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==Introduction==
==Introduction==
:1. Negative value in 5a5b and 6a6b.
:1. Double entry reversal for the balance of GST Sales / Purchase Deferred Tax (Bad Debt Relief) AFTER year 2019.
:2. TAP system not accept negative value.
:2. GST TAP service has closed.
<br />
<br />
::[[File: GST Sales_Purchase Deferred Tax Adjustment-00.jpg]]


==GST Sales Deferred Tax==
==GST Sales Deferred Tax==
''Menu: GL | Journal Entry...''
''Menu: GL | Journal Entry...''


:1. '''Output Tax (Negative)'''
::[[File: GST Sales_Purchase Deferred Tax Adjustment-01.jpg]]
::{| class="wikitable"
|-
! GST-03 !! style="text-align:right;"| Value
|-
| 5a || style="text-align:right;"| -2,000 
|-
| 5b  || style="text-align:right;"| -120
|}
 
:2. '''Journal Adjustment:'''
::{| class="wikitable"
|-
! GL Code!! Tax !! Tax Rate !! style="text-align:right;"| Local DR !! style="text-align:right;"| Local CR !! style="text-align:right;"| Local DR(Tax)  !! style="text-align:right;"| Local CR(Tax) !! GST-03
|-
| GST-103 || '''AJP-OA''' || '''6%''' || style="text-align:right;"| 2,000 ||  || style="text-align:right;"| 2,120 ||  || '''6a = 0 <br /> 6b = 120'''
|-
| GST-103 || '''SR''' || '''6%''' ||  || style="text-align:right;"| 2,000 || || style="text-align:right;"| 2,120 || '''5a = 0 <br /> 5b = 0'''
|}
 
::[[File: GST-ADJ-Negative 01.jpg]]


<br />
<br />


==GST Purchase ==
==GST Purchase Deferred Tax ==
''Menu: GL | Journal Entry...''
''Menu: GL | Journal Entry...''


:1.'''Input Tax (Negative)'''
::[[File: GST Sales_Purchase Deferred Tax Adjustment-02.jpg]]
::{| class="wikitable"
|-
! Items !! style="text-align:right;"| Value 
|-
| 6a || style="text-align:right;"| -1,000 
|-
| 6b  || style="text-align:right;"| -60
|}
 
:2.'''Journal Adjustment:'''
::{| class="wikitable"
|-
! GL Code!! Tax !! Tax Rate !! style="text-align:right;"| Local DR !! style="text-align:right;"| Local CR !! style="text-align:right;"| Local DR(Tax)  !! style="text-align:right;"| Local CR(Tax) !! GST-03
|-
| GST-103 || '''TX''' || '''6%''' || style="text-align:right;"| 1,000 ||  || style="text-align:right;"| 1,060 ||  || '''6a = 0 <br /> 6b = 0'''
|-
| GST-103 || '''AJS-OA''' || '''6%''' ||  || style="text-align:right;"| 1,000 || || style="text-align:right;"| 1,060 || '''5a = 0 <br /> 5b = 60'''
|}
 
::[[File: GST-ADJ-Negative 02.jpg]]




Revision as of 03:13, 12 March 2019

Introduction

1. Double entry reversal for the balance of GST Sales / Purchase Deferred Tax (Bad Debt Relief) AFTER year 2019.
2. GST TAP service has closed.


GST Sales Purchase Deferred Tax Adjustment-00.jpg

GST Sales Deferred Tax

Menu: GL | Journal Entry...

GST Sales Purchase Deferred Tax Adjustment-01.jpg


GST Purchase Deferred Tax

Menu: GL | Journal Entry...

GST Sales Purchase Deferred Tax Adjustment-02.jpg



See also

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This page was last edited on 12 March 2019, at 03:13.