Journal Transaction for GST payable

• This journal transaction create after the GST filing
• Transfer the gst_Output Tax (tax code: SR) to gstPayable account
• Transfer the gst_Input Tax (tax code: TX)  to gstPayable account
• Transfer the gst_Input Tax (tax code: BL) to gst_Expenses account

Accounting > Journal and Ledger > Add Jtxn

Notes / Clarification:

During transactions, gst_input is usually on credit side, while gst_output stays on credit side.

During Journal Transaction for GST payable, we are transferring (debit gst_input, credit gst_output) summation of tax amount to gstPayable.

During the Payment / Claim / Adjustment - we simply move the gstPayable amount to apprpriate GLCode (Bank / otherReceivable / gst_Input)