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I has pay the Shipment import GST but how to record in the Quickbook online and show it in the Taxes Report? t
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Hi Evon25,
You can select the tax code the represents all tax types paid and enter the taxable amount of the imported goods. We greatly suggest reaching out to an accountant so they can help you identify the correct amounts and code to be used.
I'll be attaching a few articles on how we handle GST:
Always know that the Community is always ready to help if you have further questions. Take care!
It's easy to record GST payments in QuickBooks Online, Evon25.
Please follow these steps:
You can also print a check by selecting the Print a Check box. Then, tap Record Payment and Print Check.
I've also added some links you can browse. These will show you more info on how to handle GST concerns in QuickBooks Online:
Need more help? I'll be here to assist you.
Hi, Thanks for your response. But the method is recorded paying quarterly GST submission. Now my issue is paying Singapore Custome the import GST base on the import permit, after have to submit the quarter GST submission include this Shipment GST payment, how should I record the transaction? Appreciate your help.
Thanks for the additional info, Evon25.
We can create an expense transaction to record the paid GST on imported products. Here's how:
Once done, this also reflects on your GST reports.
Additionally, I still suggest seeking some advice from your accountant on how to properly record paid GST on imported goods.
If you need to make an adjustment, check this link: Create or delete a GST adjustment.
Keep on posting here if you have more concerns. We'll respond as soon as we can!
Hi AlexV, thanks for the reply, I have tried the method but box 5 will show without the Goods value which IRAS will need to see the taxable amount, or should I enter the Good value instead of 0.01? Appreciate your reply.
Hi Evon25,
You can select the tax code the represents all tax types paid and enter the taxable amount of the imported goods. We greatly suggest reaching out to an accountant so they can help you identify the correct amounts and code to be used.
I'll be attaching a few articles on how we handle GST:
Always know that the Community is always ready to help if you have further questions. Take care!
HI Evon,
I also have the same issue . Were you able to solve this ?
When you are filing, do an adjustment in line 405 (self assessed GST). QuickBooks automatically puts it into your GST payable account.
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