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Dynamics 365 Community / Forums / Microsoft Dynamics NAV (Archived) / GST settlement & R...
Microsoft Dynamics NAV (Archived)

GST settlement & Reconciliation Issue

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Posted on by Community Member Microsoft Employee

Hi,

I have posted GST reconciliation for the month of July 2017 on 05th august 2017.

Then I Posted GST settlement for the month of July 2017 on 15th August 2017. Where I had brought forward input credit to be taken as opening carried forward for the month of August 2017.

As i posted settlement for the month of July 2017, system automatically created reconciliation for the month of August 2017, taking opening input from July 2017.

Now as i am trying to do reconciliation for August 2017 bills, error is coming GST reconciliation already posted for August 2017.

Please help. How to resolve.

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  • Community Member Profile Picture
    Community Member Microsoft Employee on at
    RE: GST settlement & Reconciliation Issue

    Sir your video is very helpful for me....

    thank you sir...

  • Community Member Profile Picture
    Community Member Microsoft Employee on at
    RE: GST settlement & Reconciliation Issue

    I calculated reconciliation at last day of the month.

    e.g. April 2017 input    1000

                           output   800

                          c/f          200

    (posted reconciliation and settlement at last day of the month 30.04.17)

    May 2017        input from purchase in may 2017             400

                           output                                                        500

    while posting settlement for May 2017, equation generated by system is

      Input                  400

      output                -500

      Pay Tax              100  { However, it should be input 600(200+400) - output 500= c/f 100}

  • KARUNESH Profile Picture
    KARUNESH 370 on at
    RE: GST settlement & Reconciliation Issue

    https://youtu.be/S4DSOe3kMAQ

    https://youtu.be/V_YvsVMOsjA

  • KARUNESH Profile Picture
    KARUNESH 370 on at
    RE: GST settlement & Reconciliation Issue

    POST RECONCILIATION IN THE LAST DATE OF THE MONTH OTHERWISE SYSTEM CALCULATE FOR NEXT MONTH

    ONCE RECONCILIATION DONE NO CHANCE TO REVERT BACK

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