Before starting Please make sure that your debtors have Country as India and State name specified in them.
Also GST details should be selected at Yes and Consumer.
Focus on Debtors with Credit balance and
not having debit for Bills raised.
1)
Go to the concerned receipt and
press Alt+V to mark the receipt as Advance receipt.
2)
On clicking the party name >
Details of advance receipt window would open.
3)
In advance receipt window,
Press ALT+L and select Type of service/income to be included in aforesaid
entry.
4)
Enter the advance value as 118.
5)
After entering aforesaid make
sure the reference type has been selected as Advance.
6)
Do not book Service charge or
GST via ledger in the entry and save the entry.
7)
Complete the aforesaid steps
for the debtors with credit balance at the MONTH END for which GST return is
being targeted.
8)
Now check GSTR 1 return and the
amounts entered via above would be reflecting under Advance receipts >
Amount unadjusted against supplies.
9)
Go into the details of Amount
unadjusted against supplies and you will see all the debtors entered in Step 7.
10)
Our aim is Taxable value of
Unadjusted Advance column should be made equal to Taxable value of Liability
Booked.
11)
Press Ctl+L to see if any
consolidated Journal has already been passed.
a)
If yes then alter the advance
tax detail for the mismatched amount and while entering TAXABLE VALUE (not tax)
pay attention.
b)
If no then create a journal
entry of
Ad Tax for Gst
Dr
To CGST 9%
To SGST 9%
To IGST 18%
12)
There would be some balance
liability to be booked but we have to ignore that as long as Taxable value of
Balance liability to be booked is zero.
13)
Check S No 7 of GST summary
there should be figures in 11A(1) and 11A(2).
