GST can be applied on vendor advance payment. Below is condition on which GST can applied.
- GST is not applicable on advance payment for GST group goods.
- GST is applicable on advance payment on service under RCM only.
Open Bank Payment voucher page and generate single line payment entry and put GST group code, HSN/SAC code and select Boolean ‘GST on Advance Payment’ true.
Preview Posting
G/L Entry
G/L Entry of Purchase Invoice + posted payment entry application
| Posting Date |
Document Type |
Document No. |
G/L Account No. |
G/L Account Name |
Description |
Amount |
| 05-02-2023 |
Invoice |
*** |
8640 |
Miscellaneous |
Invoice 1001 |
2,000.00 |
| 05-02-2023 |
Invoice |
*** |
5410 |
5410 |
Invoice 1001 |
-
2,000.00 |
| 05-02-2023 |
Invoice |
*** |
2705 |
SGST Rcvble
Acc (Interim) |
SGST Rcvble
Acc (Interim) |
180.00 |
| 05-02-2023 |
Invoice |
*** |
2706 |
CGST Rcvble
Acc (Interim) |
CGST Rcvble
Acc (Interim) |
-360.00 |
| 05-02-2023 |
Invoice |
*** |
5986 |
CGST Payable
Acc (Interim) |
CGST Payable
Acc (Interim) |
180.00 |
| 05-02-2023 |
Invoice |
*** |
2703 |
CGST Rcvble Acc |
CGST Rcvble Acc |
180.00 |
| 05-02-2023 |
Invoice |
*** |
2705 |
SGST Rcvble
Acc (Interim) |
SGST Rcvble
Acc (Interim) |
-360.00 |
| 05-02-2023 |
Invoice |
*** |
5985 |
SGST Payable
Acc (Interim) |
SGST Payable
Acc (Interim) |
180.00 |
| 05-02-2023 |
Invoice |
*** |
2702 |
SGST Rcvble Acc |
SGST Rcvble Acc |
180.00 |
| 05-02-2023 |
Invoice |
*** |
5985 |
SGST Payable
Acc(Interim) |
SGST Payable
Acc(Interim) |
-180.00 |
| 05-02-2023 |
Invoice |
*** |
2706 |
CGST Rcvble
Acc(Interim) |
CGST Rcvble
Acc(Interim) |
180.00 |
| 05-02-2023 |
Invoice |
*** |
5986 |
CGST Payable
Acc(Interim) |
CGST Payable
Acc(Interim) |
-180.00 |
| Sum of Amount |
|
|
| G/L Account No. |
G/L Account Name |
Total |
| 2702 |
SGST Rcvble Acc |
180 |
| 2703 |
CGST Rcvble Acc |
180 |
| 2705 |
SGST Rcvble Acc(Interim) |
-180 |
| 2706 |
CGST Rcvble Acc(Interim) |
-180 |
| 5410 |
Vendors, Domestic |
-
2000 |
| 5985 |
SGST Payable Acc(Interim) |
0 |
| 5986 |
CGST Payable Acc(Interim) |
0 |
| 8640 |
Miscellaneous |
2000 |
| Grand Total |
|
0 |