Objective:
To process GST and GeM payments through the APT 2.0 system ensuring correct mapping of collection and payment entries with respect to ITC, Net GST, and RCM claims.
GST Payment Processing in APT 2.0
*Example Data:*
Courier SGST Collection – ₹20,000
Courier CGST Collection – ₹20,000
Bus Ax. CGST Collection – ₹10,000
Bus Ax. SGST Collection – ₹10,000
PLI CGST Collection – ₹20,000
PLI SGST Collection – ₹20,000
👉 Total GST Collected: ₹1,00,000
👉 Input Tax Credit (ITC): ₹20,000
👉 Net GST Payable: ₹80,000
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Step 1: Net GST Payment through Treasury
1. Go to: Miscellaneous Transactions → Payment Side → Cheque
2. Select Account Code: GST Payment Account Code
3. Enter Amount: ₹80,000
4. Payment Mode: Cheque
5. Narration: "GST Payment as per GST 3B – Month/Year"
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Step 2: Input Tax Adjustment Entries (for ITC ₹20,000)
1. Go to: Miscellaneous Transactions → Payment Side → Cash
2. Create Two Payment Entries:
- PLI CGST Payment ₹10,000
- PLI SGST Payment ₹10,000
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📝 *Step 3: Input Tax Receipt Entries (RCM Claim)*
1. Go to: Miscellaneous Transactions → Receipt Side → Cash
2. Create Two Receipt Entries:
- RCM PLI CGST Receipt ₹10,000
- RCM PLI SGST Receipt ₹10,000
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GeM Payment Processing (Similar Procedure)
1. Identify Total GST + ITC + Net Amount Payable (as per GeM invoice)
2. Enter Net GST Payable in Payment Side using Cheque
3. Enter ITC Adjustments using Cash in both:
- Payment Side (e.g., IT GST, IT TDS)
- Receipt Side (IT GST, RCM Claim, IT TDS if applicable)
Use appropriate Account Codes for GeM GST Payments (GeM CGST, SGST, TDS etc.)
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Summary Table:
- Net GST Payment → Treasury → Payment → Cheque → ₹80,000
- ITC Adjustment → Misc. Trans → Payment → Cash → ₹20,000
- RCM Claim → Misc. Trans → Receipt → Cash → ₹20,000
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