1. Localizations for India Implementation Guide
  2. Resetting the GST Applied on Advance Payment Receipts for Goods and Services

Resetting the GST Applied on Advance Payment Receipts for Goods and Services

The system does not allow you to edit the GST advance payment details after GST is calculated. However, you can reset and reenter advance payment information in the receipts. For posted receipts, you can reset the GST applied and the system creates reversing journal entries in the F0911 table for the receipt.

When you reset the GST applied on receipts, the system:

  • Deletes the advance payment record for goods from the Advance Payment GST Transaction table (F75I827) and the advance payment record for services from the Advance Payment GST Transaction Services table (F75I831)

  • Deletes the ledger entries for the record in the GST Ledgers table (F75I823)

  • Reverses the TL (Tax Liability) ledger entry in the GST Ledgers Setup table (F75I804)

  • Deletes the associated journal entries in the Account Ledger table (F0911) for unposted receipts

  • Creates reversing journal entries in the Account Ledger table (F0911) with a new batch number for posted receipts

    Reversing journal entries have the same values as the original, but with a reversed amount.

To reset the GST that is applied to an advance payment receipt:

  1. Access the Work With GST Prepayment Receipts for Goods form for goods receipts, or the Work With GST Prepayment Receipts for Goods form for services receipts

  2. On the Work With GST Prepayment Receipts for Goods form or the Work With GST Prepayment Receipts for Services form, deselect the Receipts Without GST option.

    The system displays all unapplied receipts.

  3. Select the receipt for which you want to reset the GST and click Reset GST on the Row menu.

  4. Click Yes on the confirmation window.

    The system performs the reset and updates the tables based on whether the receipt is posted or unposted.

  5. To calculate the GST for a receipt after the reset, access the GST Advance Payment form for goods or the GST Advance Payment for Services form for services.

    The Item Number and the Gross Amount fields are enabled for goods, and the SAC Value and the Gross Amount fields are enabled for services. When you complete these fields, the system calculates the GST amounts.