How to Manage GST Tax Liability on Advance Receipts

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The Advance Receipts – Tax Liability report in GSTR-1 of Tally.ERP 9 will help you ensure that the values captured in Tax Liability table fully reflect the advance receipts for the period. It enables you to manage tax liability for advances, partially adjusted advances, and advances with incomplete or mismatch in information.

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Thanks for the video, I have been searching whole youtube with a latest tutorial. Please tell me the next step, that is how to do an adjustment to advance receipt in previous month. Ex- Advance received in July, tax liability raised and paid for July. Actual goods are sold in August.

KaushalAgrawal