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

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::{| class="wikitable"
::{| class="wikitable"
|-
|-
! GL Code !! GL Description !! style="text-align:right;"| Local DR !! style="text-align:right;"| Local CR !! GST-03
! GL Code !! GL Description !! style="text-align:right;"| Local DR !! style="text-align:right;"| Local CR !! Add to Final GST-03
|-
|-
| GST-202 || GST - Sales Deferred Tax || style="text-align:right;"| 3,600 ||  || '''6a = 0 <br /> 6b = 120'''
| GST-202 || GST - Sales Deferred Tax || style="text-align:right;"| 3,600 ||  ||
|-
|-
| GST-103 || GST - Payable (KASTAM) ||  || style="text-align:right;"| 3,600  || '''5a = 0 <br /> 5b = 0'''
| GST-103 || GST - Payable (KASTAM) ||  || style="text-align:right;"| 3,600  || 5(b), 18
|}
|}
:2. Amend the Final GST Return (Aug 2018) at TAP.
:2. Amend the Final GST Return (Aug 2018) at TAP.

Revision as of 07:55, 24 April 2019

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).


Adjustment for GST Sales Purchase Deferred Tax (Bad Debt Relief Recovered)-00.jpg

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.
Adjustment for GST Sales Purchase Deferred Tax (Bad Debt Relief Recovered)-03.jpg
2. Choose Process As Draft.
Adjustment for GST Sales Purchase Deferred Tax (Bad Debt Relief Recovered)-04.jpg
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 Purchase Deferred Tax (Bad Debt Relief Recovered)-05.jpg


Adjustment for GST Sales Deferred Tax (AR)

Menu: GL | Journal Entry...

Adjustment for GST Sales Purchase Deferred Tax (Bad Debt Relief Recovered)-01.jpg
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-103 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


GST Purchase Deferred Tax

Menu: GL | Journal Entry...

Adjustment for GST Sales Purchase Deferred Tax (Bad Debt Relief Recovered)-02.jpg



See also