INPUT/OUTPUT Tax Adjustment (Manual Method)

Created by Faradyana Azman, Modified on Fri, 18 Dec 2020 at 02:28 PM by Faradyana Azman

How to Adjust the output tax amount(5b) ?


User want to adjust the total output tax figure to 164.50.

How to Adjust the input tax amount(6b) ?


User want to adjust the total input tax figure to 16.70


Solution:

SAMPLE OUTPUT TAX ADJUSTMENT


Create a Journal with :


Debit Credit
  GSTTax Code Tax Amount
GST EXPENSES0.02

OP
GST OUTPUT TAX

0.00
AJS
-0.02


Report GST-03:


SAMPLE INPUT TAX ADJUSTMENT

Create a Journal with :


Debit Credit
  GSTTax Code Tax Amount
GST CONTROL ACC.
0.03OS
GST OUTPUT TAX0.00
AJP
0.03

                                                                       


Report GST-03:

  


Refer attachment for details 

  

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