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Tax to be credited

Nov 27, 2017 at 07:06 AM

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Former Member

Dear Members,

We are making an entry with FB01, the GST Tax Payable should be credited but it is being debited

The CGST & SGST should be credited & debited. In earlier Tax scenarios of Sevice tax, swacch Bharat tax, tax payable used to be credited.

Please suggest how should this be done. The receivable part is working fine.

Regards

Gayatri

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2 Answers

G Lakshmipathi
Nov 30, 2017 at 01:47 PM
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Please discuss with your FI consultant if you are not a FI consultant. Normally, debit and credit postings will happen based on the Posting Key what we set in configuration

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Dibyendu Patra Nov 30, 2017 at 03:23 PM
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The CGST & SGST should be credited & debited.

What does it mean by that?

Check the amount maintained in FTXP for the particular tax code.

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