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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.

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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:

GL code for sale of old records and Its GST
GL Code Description 15Digit Code Committed Item
1800340000 Proceeds from Sale of Waste Paper Dead Stock etc 120100800340000 RC1800340000
8866102980 CGST-GST Coll on Business Auxiliary Services 866100101640100 NC8866102980
8866103000 SGST-GST Coll on Business Auxiliary Services 866100101640300 NC8866103000

Important Note:

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

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