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GST Bounce Cheque

Scenario​

  1. Invoice Date Jan 2016
  2. Bad Debts Relief - Jul 2016 to Sep 2016
  3. Payment Dec 2016
  4. Bad Debts Recover - Oct 2016 to Dec 2016
  5. Payment Bounce - Jan 2017 <--- Should do Adjustment on Bounce GST Period (before process GST-03)
  6. Bad Debts Relief(after Adjustment) - Jan 2017 to Mar 2017
  7. Replace New Cheque - Apr 2017
  8. Bad Debts Recover - Apr 2017 to Jun 2017

Solution​

By using the GL Journal Voucher - Bank Charges - GST Reversal button

Customer Side​

At GST Period Jan 2017:

  1. DR GST-101 - GST - CLAIMABLE --> (SL-AJP-BD)
  2. CR GST-202 - GST - SALES DEFERRED TAX

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Supplier Side​

For GST Period January 2017:

  1. Debit: GST-102 - GST - PURCHASE DEFERRED TAX
  2. Credit: GST-201 - GST - PAYABLE → (PH-AJS-BD)

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