GST Sales/Purchase Deferred Tax Journal Adjustment

Introduction

1. Double entry adjustment for the balance of GST Sales / Purchase Deferred Tax (Bad Debt Relief) AFTER 29 December 2018.

2. Add the adjustment amount into Final GST Return (amendment).

How to check the Sales/Purchase Bad Debt Recovered amount after Final GST Returns?

Menu: SST/GST | New GST Return...

1. Select a date AFTER the Final GST Return Date, eg. 28/02/2019.

2. Choose Process As Draft.

3. Click on GST Return Draft and print GST Listing.

4. Filter the Tax Date (ie. greater than or equal to 30 December 2018).

Adjustment for GST Sales Deferred Tax (AR)

Menu: GL | Journal Entry...

1. Based on the GST Listing (Draft), post the GST Bad Debt Recovered double entry using Journal Entry.

GL Code	GL Description	Local DR	Local CR	Add to Final GST-03
GST-202	GST - Sales Deferred Tax	3,600
GST-KASTAM	GST - Payable (KASTAM)		3,600	5(b), 18

2. Amend the Final GST Return (Aug 2018) at TAP.

3. Add the amount into

a. 5(b)

b. 18

Adjustment for GST Purchase Deferred Tax (AP)

Menu: GL | Journal Entry...

1. Based on the GST Listing (Draft), post the GST Bad Debt Recovered double entry using Journal Entry.

GL Code	GL Description	Local DR	Local CR	Add to Final GST-03
GST-KASTAM	GST - Payable (KASTAM)	600		6(b)
GST-102	GST - Purchase Deferred Tax		600

2. Amend the Final GST Return (Aug 2018) at TAP.

3. Add the amount into

a. 6(b)

Payment to RMCD

Menu: GL | Cash Book Entry...

Made payment to RMCD, use Cash Book Entry (PV).

GL Code	GL Description	Local DR	Local CR	Add to Final GST-03
GST-KASTAM	GST - Payable (KASTAM) - Nett Balance	3,000		6(b)
BANK	Bank Name		600

See also

• Journal Entry
• New GST Return
• Print GST-03
• Print GST Listing