If u break up your outstanding it should not consist of
gst amount but only a portion of the gross bill amount.
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Received short amount
balancing figure > write off to Statement of PL as discount or rebate whatever name called .
Cash/Bank A/C Dr.316509
Party Name A/c Dr 10844
CGST. Dr. 7912
SGST. Dr. 7912
Sales A/c. Cr. 332335
10844 is not recovery so it is a Bad debt so adjustment entry is
Bad Debts A/c Dr. 10844
party A/c. Cr. 10844
Party Name A/c Dr 10844
CGST. Dr. 7912
SGST. Dr. 7912
Sales A/c. Cr. 332335
10844 is not recovery so it is a Bad debt so adjustment entry is
Bad Debts A/c Dr. 10844
party A/c. Cr. 10844
Naveen wrong
Pass credit note with approval of md. other wise you can demand the balance amount
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