Offsetting Tax from a Bond or LOU

Complete the following steps to offset tax from a bond or LOU:

1. From the India Localization module, click GST Module, GST Daily Processing, and then GST Offset Against Bond/LOU - SO.

2. On the Work With GST Bond/LOU form, select the record and click OK.

3. On the GST Offset Against Bond/LOU - SO form, select the transactions for which you want to offset the tax from the bond/LOU amount.

   Based on the transaction you select, the total amount to be offset is displayed in the Total GST Offset Amount field in the header.

4. Click Confirm GST Offset.

   The system displays a confirmation message along with the transaction ID. The system also offsets the total tax amount for all transactions from the associated bond or LOU and stores the information in the GST Bond/LOU Register table (F75I853).

   The transactions for which tax is offset are not available in the GST Offset Against Bond/LOU - SO form.