Journal Vouchers in GST

This topic provides a brief description about the nature of adjustments available for GST in Tally.ERP 9.

Nature of Adjustment	Additional Details	Ledgers to be Debited and Credited
Decrease of Tax Liability	Adjustment Against Credit	Explained in Recording Journal Vouchers for Adjustments Against Tax Credit under GST
	Cancellation of Advance Payments under Reverse Charge	Debit - Central and state tax or integrated tax, and cess ledgers. Credit - Expenses or current assets ledger.
	Cancellation of Advance Receipts	Debit - Central and state tax or integrated tax, and cess ledgers. Credit - Expenses or current assets ledger.
	Cancellation of Advance Receipts for Exports/SEZ sales	Debit - Integrated tax and cess ledgers. Credit - Expenses/current assets ledger.
	Purchase against Advance Payment	Debit - Central and state tax or integrated tax, and cess ledgers. Credit - Expenses or current assets ledger.
	Sales against Advance Receipts	Debit - Integrated tax and cess ledgers. Credit - Expenses/current assets ledger.
	Sales against Advance Receipts for Export/SEZ sales	Debit - Integrated tax and cess ledgers. Credit - Expenses/current assets ledger.
Increase of Input Tax Credit	Import of Capital Goods	Debit - Central and state tax or integrated tax, and cess ledgers. Credit - Current assets ledger.
	Import of Goods	Debit - Central and state tax or integrated tax, and cess ledgers. Credit - Current assets ledger.
	Import of services	Debit - Integrated tax and cess ledgers. Credit - Current assets ledger.
	ISD Transfer	Debit - Central and state tax or integrated tax, and cess ledgers. Credit - Party ledger.
	Others	Debit - Central and state tax or integrated tax, and cess ledgers. Credit - Expenses/current assets ledger.
	Purchase from SEZ	Debit - Central and state tax or integrated tax, and cess ledgers. Credit - Expenses/current assets ledger.
	Purchase from Unregistered dealer	Debit - Central and state tax or integrated tax, and cess ledgers. Credit - Expenses or current assets ledger.
	Purchase under reverse charge	Debit - Central and state tax or integrated tax, and cess ledgers. Credit - Expenses or current assets ledger.
	Re-claim of reversal ITC (on account of buyer payment)	Debit - Central and state tax or integrated tax, and cess ledgers. Credit - Expenses or current assets ledger.
	Re-claim of reversal ITC - Rule 42 (2)(b)	Debit - Central and state tax or integrated tax, and cess ledgers. Credit - Expenses or current assets ledger.
	TCS Adjustment	Debit - Central and state tax or integrated tax, and cess ledgers. Credit - Current assets ledger.
	TDS Adjustment	Debit - Central and state tax or integrated tax, and cess ledgers. Credit - Current assets ledger.
	Transitional Credit	Explained in Recording a Journal Voucher for Transitional Credit under GST
	Transfer of ITC (applicable only for Ladakh)	Debit - SGST ledgers Credit - UT Tax ledgers
Increase of Tax Liability	Advance Receipts for Export/SEZ sales	Debit - Expenses or current assets ledger. Credit - Integrated tax and cess ledgers.
	Advances Paid under Reverse Charge	Debit - Expenses or current assets ledger. Credit - Central and state tax or integrated tax, and cess ledgers.
	Import of Capital Goods	Debit - Current assets ledger. Credit - Central and state tax or integrated tax, and cess ledgers.
	Import of Goods	Debit - Current assets ledger. Credit - Central and state tax or integrated tax, and cess ledgers.
	Import of services	Debit - Current assets ledger. Credit - Integrated tax and cess ledgers.
	Interest	Debit - Expenses or party ledger. Credit - Central and state tax or integrated tax, and cess ledgers.
	Late Fees	Debit - Expenses or party ledger. Credit - Central and state tax or integrated tax, and cess ledgers.
	On Account of Advance Receipts	Debit - Expenses or current assets ledger. Credit - Central and state tax or integrated tax, and cess ledgers.
	Others	Debit - Expenses or party ledger. Credit - Central and state tax or integrated tax, and cess ledgers.
	Penalty	Debit - Expenses or party ledger. Credit - Central and state tax or integrated tax, and cess ledgers.
	Purchase from Unregistered dealer	Debit - Expenses or current assets ledger. Credit - Central and state tax or integrated tax, and cess ledgers.
	Purchase under reverse charge	Debit - Expenses/current assets ledger. Credit - Central and state tax or integrated tax, and cess ledgers.
Increase of Tax Liability & Input Tax Credit	Import of Services	Debit - Central and state tax or integrated tax, and cess ledgers. Credit - Central and state tax or integrated tax, and cess ledgers.
	Purchase from Unregistered dealer	Debit - Central and state tax or integrated tax, and cess ledgers. Credit - Central and state tax or integrated tax, and cess ledgers.
	Purchase under reverse charge	Debit - Central and state tax or integrated tax, and cess ledgers. Credit - Central and state tax or integrated tax, and cess ledgers.
Opening Balance	---	Procedure is explained in Transferring Tax Credits of VAT, excise and service tax to GST
Refund	Not Applicable	Debit - Bank ledger Credit - Central and state tax or integrated tax, and cess ledgers, or current assets ledger
	Interest	Debit - Bank ledger Credit - Central and state tax or integrated tax, and cess ledgers, or current assets ledger
	Late Fees	Debit - Bank ledger Credit - Central and state tax or integrated tax, and cess ledgers, or current assets ledger
	Others	Debit - Bank ledger Credit - Central and state tax or integrated tax, and cess ledgers, or current assets ledger
	Penalty	Debit - Bank ledger Credit - Central and state tax or integrated tax, and cess ledgers, or current assets ledger
Reversal of Input Tax Credit	Not Applicable	Debit - Expenses or party ledger. Credit - Central and state tax or integrated tax, and cess ledgers.
	Capital credit due to exempted supplies - Rule 43(1) (h)	Debit - Expenses or current assets ledger. Credit - Central and state tax or integrated tax, and cess ledgers.
	Exempt and non-business supplies - Rule 42(1)(m)	Debit - Expenses or current assets ledger. Credit - Central and state tax or integrated tax, and cess ledgers.
	Import of services	Debit - Expenses or current assets ledger. Credit - Central and state tax or integrated tax, and cess ledgers.
	Ineligible credit	Debit - Expenses or current assets ledger. Credit - Central and state tax or integrated tax, and cess ledgers.
	ISD credit note - Rule 39(1)(j)(ii)	Debit - Expenses or current assets ledger. Credit - Central and state tax or integrated tax, and cess ledgers.
	Non-payment to the Supplier - Rule 37(2)	Debit - Expenses or current assets ledger. Credit - Central and state tax or integrated tax, and cess ledgers.
	On account of claiming more - Rule 42 (2)(a)	Debit - Expenses or current assets ledger. Credit - Central and state tax or integrated tax, and cess ledgers.
	Others	Debit - Expenses or current assets ledger. Credit - Central and state tax or integrated tax, and cess ledgers.
	Purchase from Unregistered dealer	Debit - Expenses or current assets ledger. Credit - Central and state tax or integrated tax, and cess ledgers.
	Purchase under reverse charge	Debit - Expenses or current assets ledger. Credit - Central and state tax or integrated tax, and cess ledgers.
Reversal of Tax Liability	Import of Services	Debit - Central and state tax or integrated tax, and cess ledgers. Credit - Expenses or current assets ledger.
	Purchase from Unregistered dealer	Debit - Central and state tax or integrated tax, and cess ledgers. Credit - Expenses or current assets ledger.
	Purchase under reverse charge	Debit - Central and state tax or integrated tax, and cess ledgers. Credit - Expenses or current assets ledger.