How to enter 100% GST payment in Quickbook online?

It's easy to record GST payments in QuickBooks Online, Evon25.

Please follow these steps:

1. Go to the Taxes menu. From the GST Owed list, select and highlight the tax agency you're recording the payment for and select Record payment.
2. Choose the Bank Account you're making the payment from.
3. Enter the tax payment amount in the Tax Payment field and other required info.
4. Select Record Tax Payment.

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:

• Manage GST payments in QuickBooks Online
• File your GST return and record tax payment

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:

1. Go to the +New button and select Expense.
2. Enter the necessary details such as the payment account, date, and payee.
3. Under Category details, select an expense account related to the imported goods and enter 0.01 in the Amount column.
4. From the GST column, select the paid GST type.
5. On the second line, select the same account. Enter -0.01 in the Amount column, then choose “Out of scope” for the tax code.
6. Edit the GST field below the Subtotal to reflect the amount of tax paid.
7. Select Save.

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 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. 

I have tried the suggested steps below but could not save the entry successfully. This message pops up:

"Something's not quite right. You have either selected a tax liability account on a transaction where it's not allowed, or haven't specified a tax rate along with it."

Greatly appreciate a reply. Thank you.

Let's resolve this error message together, Mliqk.

Before that, I'd like to clarify if you were in the process of recording the paid GST on imported products. If so, the error message appeared because an expense account was changed to a sales tax liability account. To resolve this, you'll need to create a new expense account to record payments related to sales tax.

Here's a step-by-step guide on how to create a new expense account for your sales tax payments:

1. Navigate to the gear icon at the top-right corner of the screen.
2. Under Your Company, select Chart of accounts.
3. Click the New button.
4. On the Account Type dropdown menu, pick Expenses.
5. Choose Taxes Paid on the Detail Type dropdown.
6. Enter a name for this account.
7. Press Save and Close.

Once done, create a new expense transaction. This time, select the newly created account as the expense account related to the imported goods. Then, save the entry.

You can also refer to these articles for more helpful info regarding the topics above:

• Add an account to your chart of accounts in QuickBooks Online
• Manage GST payments in QuickBooks Online

For future use, here's a guide on generating reports to get a comprehensive overview of your business: Run reports.

If you have any other sales tax related concerns in QuickBooks Online, please leave them in the comments. I'll be around to address them for you, Mliqk.

You need to make a new supplier to post your GST only payments. Then post .01 with gst, -.01 out of scope, then change GST amount at the bottom. See example below.