19 November 2017
Create a Ledger "GST ADJUSTMENT A/C". And adjust the following way...
Dr. Adjustments A/c - XXXX
Cr. Input CGST @ 9% - XXXX
Dr. Output CGST @ 9% - XXXX
Cr. Adjustment A/c - XXXX...
Adjust all head of accounts...
Finally you can get ITC / Payable amounts....
If reflect payable amounts then pass the payment
GST Adjustments A/c - XXXX
To, Bank A/c - XXXX...
(Pay particular heads)
CAclubindia
