Hello,
I am trying to figure out the entry for the GST paid separately to CBSA. I basically receive 2 bills from the customs broker.
Bill #1 - Entry fee and gst on entry fee - entered as a payable and paid to customs broker
Bill#2 - GST on imported items - paid to CBSA
This is the entry that I cannot figure out - it will be Crediting Bank and debiting what? The GST on the imported items has not been entered anywhere in order to debit it?? Its not an expense so where does it go? If i enter it as a Bill - Debit GST payable credit Accounts payable - then pay the bill Debit accounts payable and credit bank - the GST amount is still sitting in GST payable?
Im super confused!!!!
