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Gst adjustment entry

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Praveen Singh

60 Points Posted on 24 February 2020

if we made a different gst ledger like cgst 12 %,18% and 28% how can we do gst paid entry and adjustment entry.

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Quick Summary

This discussion explains how to handle GST adjustment entries when using separate ledgers for different tax rates like CGST 12%, 18%, and 28%. It outlines using journal vouchers to debit the appropriate GST liability ledgers, allowing direct effect from bank payments. The core question is whether these adjustments relate to outward or inward supplies.

Prasad Satpute

73 Points Posted on 24 February 2020

Lets assume you debited to 28% ledger, after that you have to debit rest of ledger though journal voucher

you can give effect directly from bank payment by debiting all gst liability ledgers.