GL code for sale of old records and Its GST

GL code for sale of old records and Its GST

This post clarifies the General Ledger (GL) code and corresponding Goods and Services Tax (GST) information for processing the sale of old records and dead stock.

GL Code for Old Records:

• GL Code: 1800340000
• Description: Proceeds from Sale of Waste Paper Dead Stock etc (Old record weed out)
• 15-Digit Code: 120100800340000 (for internal reference)
• Committed Item: RC1800340000 (for internal reference)

GST Information:

• CGST (Central GST): 8866102980 (9% rate)
• SGST (State GST): 8866103000 (9% rate)

Voucher Posting in SAP Module:

When crediting the sale amount through cash, use the following GL code combination in your SAP module:

Important Note:

• This information applies to the sale of old records and dead stock at a 9% CGST and 9% SGST rate.