Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
GST will be raised from 7% to 8% with effect form 1 Jan 2023, May i know in quickbook online will be auto change rate or need to new to create a new rate.
Thank you for posting here and confirming this with us, @Chipndale.
You’re correct about creating new tax rates in your QuickBooks Online (QBO). You must manually update your recurring transaction in QuickBooks and the GST rate. With this, you’ll need to add a new tax rate to QuickBooks. Beforehand, please take notice of the following reminders before proceeding:
To proceed with creating a new rate, you can follow the steps below:
Afterwards, you can manually change the recurring transaction. To learn more about recurring transactions, please visit this article: Edit a recurring template. Also, please remember that when you run reports, data for both rates will still show if transactions are created for a particular period.
Let me know if you have more questions regarding GST in QBO. I’m just a post away to get your answered. Have a good one!
Hi,
Can someone help to check on my gst rates, I have two times same gst rates under the gst liability report, suppose to combine them into one rate only right?
Hi there, Starry.
I can see that the same question about GST rates was also asked in a separate thread. Let me share this link so you can follow the steps and read the response from one of the members of the QuickBooks Team: https://quickbooks.intuit.com/learn-support/en-sg/other-questions/can-t-change-gst-rates/00/1161762.
The Community is always here if you need anything else.
You have clicked a link to a site outside of the QuickBooks or ProFile Communities. By clicking "Continue", you will leave the community and be taken to that site instead.