Entering GST Advance Payment Details for Goods
To enter GST advance payment details:
From the GST Module, click GST Daily Processing (G75IGST3H), and then GST Advance Payment.
On the Work With GST Prepayment Receipts form, enter the document company number. The system displays the required company records.
Review the unapplied receipts for GST advance payments. To view unapplied receipts that are not linked with items and hence has no GST information, click the Receipts Without GST option.
The system displays all the unapplied receipts that you can link with items. The system does not display unapplied receipts for which GST has been calculated. The system does not display unapplied receipts for which GST has been calculated using the HSN rate for goods in the P75I827 program and using SAC rate for services in the GST Advance Payment for Services program (P75I829).
Select the receipt that you want to commit and click Select.
On the GST Advance Payment form, review the values in the header fields, and update the Business Unit field if required.
Complete the following fields in the grid:
Item Number
When you enter the item number, the system populates the HSN field with the HSN value that is associated with the item.
Compute GST
Specify N for export transactions that are associated with a bond or LOU. The system does not calculate GST for these transactions.
Remark
This field is enabled for the transactions for which you have specified N in the Compute GST field. You can specify a remark for these transactions, for example, bond or LOU number.
Gross Amount
The system calculates the GST on the taxable amount for each applicable GST type (CGST, IGST, SGST, and Cess) based on the HSN tax rate of each GST type. The system populates the calculated GST amounts in the IGST Amount, CGST Amount, SGST Amount, and CESS Amount fields.