GST Bounce Cheque

From eStream Software

Scenario

  • Invoice Date Jan 2016
  • Bad Debts Relief - Jul 2016 to Sep 2016
  • Payment Oct 2016
  • Bad Debts Recover - Oct 2016 to Dec 2016
  • Payment Bounce - Jan 2017
  • Replace New Cheque - Apr 2017

Solution

By using the GL Journal Voucher - Bank Charges - GST Reversal button

Customer Side

At GST Period Jan 2017

DR GST-101 - GST - CLAIMABLE -->(SL-AJP-BD)
CR GST-202 - GST - SALES DEFERRED TAX
BounceCustomer-01.jpg
BounceCustomer-02.jpg

Supplier Side

At GST Period Jan 2017

DR GST-102 - Purchase Deferred
CR GST-201 - GST-Payable (PH-AJS-BD)
BounceSupplier-01.jpg
BounceSupplier-02.jpg