GST in Advance

---

 

Advance received is a Payment received in Receivables. Therefore, in the Transaction Entry Screen, when recording Advance,

1. the type will be Payment

2. the transaction type will be the advance transaction type

3. the Bank Id in which the amount will be received.

 

 

 

On selecting the SAC code for the service, for which the advance is being received , the system automatically displays the

1. Tax Code

2. The GST component - CGST, SGST or IGST

3. The corresponding GL Distribution of CGST, SGST or IGST

4. The corresponding Advance GL Distribution of CGST, SGST or IGST, for which the hotel will claim a refund, when the advance is settled with the final invoice. ** These GL account codes are defined in the advance controls - ARGSCA, ARGSIA, ARGSSA.

 

 

The advance receipt printed is: