1. GST
Accounting

2. GST Adjustments Discount allowed to customers Bad debts written off
Customer returns goods(Sales returns)
Business returns goods to supplier(purch returns)

3. Cash basis GST liability arises when payment is received
Entitlements to an input tax credit arises when payments are made
Entities with annual turnover <$1,000,000 an use cash basis

4. The debits and credits Ledger accounts to be used
Gst payable control account
Input tax control account
Gst payable adjustment control account
Input tax credit adjustment control account