What general accounts master should I use for accounting of GST in BUSY?

In BUSY, you can use the following general accounts master for accounting of GST:
 
 1. Input Tax Credit (ITC) : CGST,SGST and IGST output under group of duties and taxes all master are used to record the GST amount that you can claim as a deduction on your purchases.
 2. Output Tax : CGST,SGST and IGST input all should be tagged under duties and taxes all master are used to record the GST amount that you need to pay on your sales.
 3. GST Payable Account Master Under group Current current liabilities : Master is used to record the GST amount that you owe to the government.
 4. GST Receivable Account Master: under group current assets : Master is used to record the GST amount that is owed to you by your customers.
 Defualt you we provide you all input & output account master in BUSY only you need to enter the invoice details with the correct GST. BUSY automatic show your data as per the default configuration of BUSY
 It is important to consult with a Chartered Accountant (CA) or tax professional to ensure that you are using the correct general ledger accounts for your specific business and compliance requirements.