Record Invoices After Applying for Cancellation of GST Registration

Effective from 1st February 2019, GST should not be levied on invoices recorded from the date of applying for cancellation of GST registration. Create new ledgers for purchases, sales, expenses and incomes by setting the option Is GST Applicable to No , and use them in the invoices. You need not alter the tax details entered in stock items.

Note: Do not alter the existing ledgers as it might impact the transactions and GST returns up to 31st January 2019.

Sales Ledger

Create a new sales ledger by setting the option Is GST Applicable to Not Applicable . GST details should not be provided in the Sales Accounts group used for this ledger.

Similarly create new ledgers for purchases, expenses and incomes by setting the option Is GST Applicable to Not Applicable .

Sales Invoice

Record the sales invoice using this newly created sales ledger without selecting tax ledgers.

The tax will not be calculated even if the GST details are defined in the stock items. Such transactions will appear under Not relevant for returns section of GST returns.

Similarly, record purchase invoices.