Below are suggested accounting entries for GST payment and refund.

Scenario 1: Output more than Input

Step 1 : Create a new account code [GST Payable or Refund Account] 

Go to Chart of Account (COA) > expand B72 > right click B72-0000 > click Add a new account under this level > create account named “GST Payable & Refundable” > Add New

Step 2 : Create a General Journal

Go to General Journal (GJ) > debit GST Input Tax a/c; credit GST Payable & Refundable a/c > Add New

Step 3 : Create a Payment Voucher

Go to Payment Voucher (PV) > General Ledger > credit bank a/c, debit GST Payable and refundable a/c > Add New

Scenario 2: Input more than Output

Step 1 : Create a new account code [GST Payable or Refund Account] 

Go to Chart of Account (COA) > expand B72 > right click B72-0000 > click Add a new account under this level > create account named “GST Payable & Refundable” > Add New

Step 2 : Create a General Journal

Go to General Journal (GJ) > credit GST Onput Tax a/c; debit GST Payable & Refundable a/c > Add New

Step 3 : Create an Official Receipt

Go to Official Receipt (OR) > General Ledger > debit bank a/c, credit GST Payable and refundable a/c > Add New