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How do I record a GST Expense ( in order to claim back from IRAS) for a property purchase?
Thanks for visiting the Community today, faith5.
We’ll have to set up the tax in QBO and make sure to select the Purchases box. Doing so ensures you can claim back for the IRAS.
After setting up, you can create an expense using the newly created tax rate to track the transaction. Let me share these articles to learn more about managing expenses and setting up GST.
If there’s anything else I can help you with, feel free to post a comment below. I’ll get back to assist further. Have a great rest of the day.
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