GST Processor: Difference between revisions
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[[File:GP10.png]]
Click on ''<span style=color:red>Next</span>'',
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[[File:GP20.png]]
After commit GST, a journal entry for GST Control Account is generated at the end of the submission month.
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[[File:GP24.png]]
You are only allow to process next month GST Processor when the latest month GST Processor is submitted.
When preparing payment to Customs, create a payment voucher for GST Control Account. ▼
[[File:GP25.png]]
Note: Cash Book Entry for payment to customs.▼
▲When preparing payment to Customs, create a payment voucher for GST Control Account.
[[File:GP26.png]]
▲Note: Cash Book Entry for payment to customs.
You can drill down the detail listing by clicking the figure in the reports.▼
[[File:GP27.png]]
You also can print other GST reports in GST Processor and GST Instant Info.▼
▲You can drill down the detail listing by clicking the figure in the reports.
[[File:GP28.png]]
▲You also can print other GST reports in GST Processor and GST Instant Info.
[[File:GP29.png]]
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A GST registered business can claim bad debt relief (GST tax amount that paid earlier to custom) if they have not received any payment from their debtor after 6th months from the date of invoice. As opposite to the creditor, he need to create the bad debt relief to pay back the GST tax amount if he did not make any payment to his supplier after 6 months from the date of invoice.
[[File:GP30.png]]
'''<span style=color:red>Create Bad Debt Relief</span>''' is used when you want to <span style=color:red>claim AR bad debt relief</span> but <span style=color:red>insolvency of debtor is not confirmed yet</span>. In simple word, you not sure whether your debtor will be able to pay you back in the future. When you create bad debt relief, system will pass a journal to debit input tax account for claiming AR bad debt relief purpose. There is no effect on the balance of the debtor.
'''<span style=color:red>Create Bad Debt with Bad Debt Relief</span>''' is used when you want to <span style=color:red>claim AR bad debt relief</span> and <span style=color:red>insolvency of debtor is confirmed</span>. When you create bad debt with bad debt relief, system will pass a journal to debit input tax account for claiming AR bad debt relief purpose and credit debtor balance for bad debt written off purpose. The balance of the debtor is reduced accordingly.
[[Category:Users]]
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