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Discover the updated GST rates in QuickBooks Online Singapore Find out more
193514784615234
Level 1

GST Start of tax period

Hi,

 

could you please kindly advise, GST register approved started from 1 Mar 2021,  how should I select GST "Start of tax period" as March or January (which is your financial year and quarterly submission)

1 Comment 1
FritzF
Moderator

GST Start of tax period

Thanks for dropping by the Community, @193514784615234.

 

When setting up GST in QuickBooks Online (QBO), the system will automatically calculates taxes by the time you add them to a transaction.

 

The calculation will be based on the following:

 

  • Your customer's tax exempt status
  • Where you sell and where you ship
  • Your service or product's tax category

 

To learn more about the setup process, consider checking out this article: Set up and use GST in QuickBooks Online.

 

For more information about filing your GST return in QBO, refer to this article: File your GST return and record tax payment in QuickBooks Online.

 

Please let me know if you have any other questions or concerns in the comment section below. I'm always here to help. Have a good one!