How do I record the challan amount paid for GSTR-3B in Zoho ERP?

When filing your GSTR-3B on the GST portal (GSTN), you may need to create a challan to pay your tax liability. Once you pay the challan, you must record this payment as an expense in Zoho ERP to keep your accounting records accurate.

Note: If your ITC is equal to or greater than your tax liability, you don’t need to create a challan or record an expense.

To Record the challan payment as an expense in Zoho ERP :

• Go to Purchases on the left sidebar.
• Click the Expenses dropdown in the module bar and select Expenses.
• Click + New.
• Select the Date.
• Select a relevant Cash Ledger account as the Expense Account, and enter the tax Amount paid.
• In the Paid Through field, select the bank or cash account used to pay the challan.
• Select the Expense Type as Services.
• Select the GST Treatment, Source of Supply, and Destination of Supply.
• Enter the Invoice#.
• Click Save (Opt+S).

The challan payment will be recorded as an expense.