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Chipndale
Level 1

Filing of GST F7

Hi

 

How do I record GST F7 filing in Quickbooks? It's an additional filing to IRAS for correcting errors made in 'original' filed GST Return (F5) for previous quarter/(s).

 

In most cases. it will involve another payment or refund to/from IRAS for GST amount. Submission of original GST Return (F5) still in place so I guess calling in Support Centre to re-open the filed return is not workable as the payment/refund based on F5 is valid and well-recorded in QBO. Any other solution?

 

Thank you.

5 Comments 5
ShiellaGraceA
QuickBooks Team

Filing of GST F7

Thanks for posting here, @Chipndale.

 

I have some information about the GST F7 filing. While this option is unavailable in QBO, you'll want to file your F7 directly to your tax agency. Visit your tax website for instructions.

 

On the other hand, I recommend consulting your accountant first to make sure you're recording it correctly in QuickBooks.

 

I've added these handy articles below for your reference.

 

 

If you need help with other tasks in QBO, browse this link to go to our general topics with articles.

 

Please know that you're always welcome to reply anytime if you have follow-up questions or concerns about taxes. I'll be here for you. Take care and have a great day ahead.

Chipndale
Level 1

Filing of GST F7

Hi Shiella

 

We would definitely be filing F7 directly to our tax agency but my question is how do we record the F7 filing in QBO? Are you trying to imply we have to bypass Tax module and manually pass the double entries using Journal since this option is not supported by QBO currently?   

DivinaMercy_N
QuickBooks Team

Filing of GST F7

Thanks for getting back here, @Chipndale.

 

Since QuickBooks Online (QBO) currently no option to file GST F7, as a workaround, you can record the amendment by unfiling the GST F5 and file again containing the correct info. 

 

For more info on filing GST in QBO, check out this link: File and pay Tax/GST.

 

Also, here are some of the most common questions asked about GST in QBO: FAQ for GST in QuickBooks Online. 

 

Don't hesitate to post again here if you need further assistance recording your GST F7 in QBO. I'm always here to help. Take care. 

Chipndale
Level 1

Filing of GST F7

Hi

 

If we do unfiling of GST F5 and re-file again for F7, the payment/refund recorded for F5 will be reversed as well I believed, no? In this case, how do we then record the 2 sums of payment and/or refund (different dates) for F5 & F7 in Tax Module? We can't be lumping the 2 sums together and record as 1 payment because of different processing date/month. Please advise.

RenjolynC
QuickBooks Team

Filing of GST F7

Thanks for your prompt reply, Chipndale.

 

You have the option to manually delete the refund/payment in the Payments tab. 

 

 

To record the 2 sums of payment/refund with different dates for F5 & F7, here's how:

 

  1. Go to Taxes > Payments.
  2. Click the Record payment button.
  3. Add the payment details and click Save.

For recording a refund, go to the Returns tab and under the Filed returns section, select the View summary drop-down menu and choose Record refund. I've got this sample screenshot for a visual reference:

 

 

I've got this article for more details: File your GST return and record tax payment in QuickBooks Online.

 

Please let me know if you have any follow-up questions or other concerns. I'll be around to help you out again. Take care!