After gst act system (gl code) need to be change

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Sanjay (Querist)
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05 May 2017 Dear Sir,

We are a trading company and importing cutting tools products from Korea. Please suggest me after implement GST what need to be done in our present SAP systems.
1. Number of GL code to be deleted
2.Any additional GL code to be created .
3. Where need to transfer the Input credit balance in VAT.

Regards
Sanjay

Sharwan Baluni

Sharwan Baluni (Expert)
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05 May 2017 You have to suffle a lot of things in the system. You have to create new legder of GST. But it will be only for GST now unlike earlier you made separate ledgers of VAT, Service tax etc.. You can take the credit of VAT if condition of Section 140 is fullfiled.. if you want to know more about the stepa for compliance under GST then check out my video Link is here: https://youtu.be/Xjes5y3TAZ0

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