Entering Quantity of the Item for Personal Consumption

To enter quantity of the items for personal consumption:

• From the GST Module, click GST Daily Processing (G75IGST3H) and then Sales Personal Consumption and GST Credit Setoff.

• On the Work With Purchase Order Receipts For GST form, select a record and click Select.

• On the Personal Consumption and GST Credit Setoff form, complete the following fields:

  • Reason code

    The reason code identifies the reason for the duty credit setoff.

  • Consumption Quantity

    This is the quantity of the item that you are declaring as not applicable for input tax credit (ITC).The quantity that you enter in this field must not be a negative value, and must be less than or equal to the available quantity.

  On the Calculate Tax - Setoff section of the form, review the values in the following fields:

  • Quantity Received

  • Total GST Credit

    The system populates this field with the total GST amount for the received quantity of the item. This is the amount for which you can avail ITC.

    You can review the breakup of this amount for CGST, SGST, IGST, and GST Cess (as applicable) in the GST Breakup section of the form.

  • Total Qty Consumed

  • Total Setoff GST

    The system populates this field with the setoff GST amount based on the quantity of the item that has already been specified for personal consumption in the Total Qty Consumed field.

    You can review the breakup of this amount for CGST, SGST, IGST, and GST Cess (as applicable) in the GST Breakup section of the form.

  • Setoff GST

    The system populates this field with the setoff GST amount based on the quantity of the item that you entered in the Consumption Quantity field. After you click OK on this form, the system moves the amount in this field and adds it to the Total Setoff GST field.

    You can review the breakup of this amount for CGST, SGST, IGST, and GST Cess (as applicable) in the GST Breakup section of the form.