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How do you set up a company branch that cannot claim full GST? IE, one branch can claim full 10% but other can only claim 9% back.

 
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Best answer March 24, 2020

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QuickBooks Team

How do you set up a company branch that cannot claim full GST? IE, one branch can claim full 10% but other can only claim 9% back.

Hi pennaindustries,

 

Our system only allows you to record 10% GST on purchases and sales, so there isn't a way to record 9% GST on any transaction. We also don't support custom tax codes so you can't create a 9% tax code either.

 

Bonny

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QuickBooks Team

How do you set up a company branch that cannot claim full GST? IE, one branch can claim full 10% but other can only claim 9% back.

Hi pennaindustries-

 

Do both branches have the same ABN? 

 

If under the same ABN, we just need to allocate the GST appropriately on the transactional level. I'm curious what you mean by claiming 9% back, is this a custom GST code one of the branches is able to use? Or is this referring to an installment amount? 

 

If both branches operate under a different ABN, we'd need to separate the companies/accounts to lodge appropriately. 

 

Keep me posted, and please clarify anything if I am not understanding the question correctly. 

 

-Christine

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Level 1

How do you set up a company branch that cannot claim full GST? IE, one branch can claim full 10% but other can only claim 9% back.

Thanks Christine, I’m not sure I’m acclaiming it correctly..

 
Both accounts operate under the same ABN but a portion of one branch is for private use: we collect and report 10% GST on sales but we cannot claim the full GST back against expenses (only prorata business use).
 
Kind regards,
Highlighted
QuickBooks Team

How do you set up a company branch that cannot claim full GST? IE, one branch can claim full 10% but other can only claim 9% back.

Hi pennaindustries,

 

Our system only allows you to record 10% GST on purchases and sales, so there isn't a way to record 9% GST on any transaction. We also don't support custom tax codes so you can't create a 9% tax code either.

 

Bonny

View solution in original post

Highlighted
Level 1

How do you set up a company branch that cannot claim full GST? IE, one branch can claim full 10% but other can only claim 9% back.

Thanks Bonnie