Whenever you enter purchase through GST Docs, the amount is debited to default Purchase account. However you may post the amount in the desired Fixed Asset account. To do so, follow the steps given below: – 1. Go to Master -> Stock Master.2. Edit the item of Fixed Asset (e.g. Air Conditioner) (in Stock Master).3.… Continue reading When we enter Purchase of Fixed Assets (e.g. Air Conditioner) through GST Docs, the amount is posted in “Purchase Local xx%” account. However it should be debited to “Air Conditioner” account. How can we resolve this issue ?
When I try to login to GST portal in GST Returns, I always get message “Invalid captcha.”. What could be the reason ?
It is observed that this problem occurs in some older version of Windows e.g. in Windows 10 Pro , build older than “10.0.16299”. Please ensure that in case of Windows 10 Pro, you must update the Windows to version 10.0.16299 or greater. In other version of Windows also, you should install the latest release of… Continue reading When I try to login to GST portal in GST Returns, I always get message “Invalid captcha.”. What could be the reason ?
We want to make provision for Audit Fee as on 31st March. However we shall get the bill for Audit Fee (Rs. 10,000 + GST 18% = 11,800/-) after 31st March. How should we pass the entries ?
1. You should make a provision of Audit Fee of Rs. 10,000/- on 31st March by passing the following entry under Transaction Type ‘T’ : – Audit Fee : Dr. 10,000/-Audit Fee Payable : Cr. 10,000/- Note: When you pass the entry in trn. type ‘T’, it does not go in GST Return. 2. When… Continue reading We want to make provision for Audit Fee as on 31st March. However we shall get the bill for Audit Fee (Rs. 10,000 + GST 18% = 11,800/-) after 31st March. How should we pass the entries ?
We want the software to prompt us for e-way bill creation even if the amount of invoice is less than 50,000/-. How can we do this ?
A setting ‘Always ask to create e-way bill’ is available in Invoicing module (see pic 1). When you select ‘Yes’ in this setting, software will always prompt you to create JSON file of e-way bill.
We have sold our old car for Rs. 3,00,000/-. The written down value of the said car is Rs. 2,50,000/-. We are supposed to pay GST on Rs. 50,000/- @ 18%. How should we pass the voucher entry ?
To pass this entry through GST Docs, you need to open two stock items in stock master, namely: –1. Used Car (Sale)2. Used Car (Profit Element) In GST info window, check the “Advanced Columns” check box and mention the Car account in the column “Outward Supplies / Sale A/c Head” against both the above items.… Continue reading We have sold our old car for Rs. 3,00,000/-. The written down value of the said car is Rs. 2,50,000/-. We are supposed to pay GST on Rs. 50,000/- @ 18%. How should we pass the voucher entry ?
We have issued about 50 cheques to our employees. All of them are cleared on a single day. Can we mark them all (in one go) as cleared in Bank Reconciliation Statement ?
To mark multiple entries in Bank Reconciliation statement, enter the clearing date on first entry and then enter ’00’ in last relevant entry and press enter. Clearing date will be filled upto the entry where you entered ’00’.
We do not want to create an inventory item for Rent Paid. This property is being used for personal use. How can I enter the GST Info. / Usage Type ?
You may enter the GST Info. by clicking on “GST Info.” button in FA Master (see pic 1). You will be then prompted to enter HSN Code / Usage Type etc. (see pic 2).
We are issuing a credit note in respect of “Rebate and Discount”. We do not want to reverse GST charged. How can we do so ?
GST cannot be refunded if there is no agreement at the time of issuing Invoice. If you want to allow discount without adjusting GST, then follow the steps given below: – METHOD-1: – 1. Go to Voucher.2. Click on “Add” and enter “CN” as Trn.Type.3. Enter date / party and amount.4. Select the account head,… Continue reading We are issuing a credit note in respect of “Rebate and Discount”. We do not want to reverse GST charged. How can we do so ?
Some Items of stock master are not appearing in selection grid of Invoice module. What could be the reason ?
Following can be the reasons for non appearance of an Item: –1. You might have deactivated the Item in stock master. 2. You might have turned on the setting ‘Show only Price List items in selection’ of invoice module. 3. Check the filters for each sub-series namely: DocStkCategories, DocStkGroups, DocStkVATCategories.
Please explain the conecpt of TCS under GST Act. How do we handle TCS collected by e-commerce operators in Visual Catpro ?
E-Commerce operators are required to collect IGST @ 1% or CGST / SGST @ 0.5% each w.e.f. 01/10/2018. The amount collected during a month shall be deposited by the e-commerce operator to the department by the 7th of next month. Once the amount is deposited by the e-commerce operator, you can see the details on… Continue reading Please explain the conecpt of TCS under GST Act. How do we handle TCS collected by e-commerce operators in Visual Catpro ?