cancel
Showing results for 
Search instead for 
Did you mean: 
mpetit87-yahoo-c
Level 1

Ebay Collects Sales Tax for Items I Sale. What Category would the Sales Tax fall under?

 
3 Comments
Rustler
Level 15

Ebay Collects Sales Tax for Items I Sale. What Category would the Sales Tax fall under?

ebay typically collects the sales tax, and with holds it/pays it, so effectively you are selling sales tax free from your perspective.

 

either do not enter the sales tax in your books, 

or

enter both the sales tax collected and the sales tax with held to the same account, effectively making the account a zero balance for every sale.  This has the advantage of recording the fact that sales tax was collected, and paid.

Alakhani
Level 1

Ebay Collects Sales Tax for Items I Sale. What Category would the Sales Tax fall under?

As the goods are selling through Online Market Place like eBay, that's why we do not have the address of the buyer. Due to this, we are unable to charge Sales Tax in the invoice. We have only one Option to record the sales without sales tax amount.

 

My question is that Am I correct to think that we have only one option to record the Invoice without the sales tax amount or we still go with the second option to record receipt and payment of the Sales tax in the same account?

Fiat Lux - ASIA
Level 15

Ebay Collects Sales Tax for Items I Sale. What Category would the Sales Tax fall under?

@Alakhani @mpetit87-yahoo-c 

Explore this AST app to find any reference

https:// taxjar.grsm.io/mytax

 

Sign in for the best experience
Ask questions, get answers, and join our large community of QuickBooks users.
Sign In / Sign Up

Need to get in touch?

Contact us