Financials for India - EBS (MOSC)

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GST Accounting - Reversal from General Ledger Journal

edited Sep 14, 2017 5:00AM in Financials for India - EBS (MOSC) 4 commentsAnswered

Hello Team,

As per the scenario the AP Invoice transactions on which GST taxes been applied.

The Invoices were PO Matched and items in-consideration were classified as recoverable.

India Tax Details form (In PO and as well as in AP Invoice) - both the places the Intended Use was marked as Recoverable.

Now, the recovery related entry has been interfaced to GL, how to reverse this since the GST tax is in-eligible for ITC (Input Tax Credit)

How to correct this? Thanks

Regards

Saurabh

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