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Edit GST rate in QuickBooks Online

Learn how to edit GST rates in QuickBooks Online.

The amount of GST you collect may increase or decrease. Update your GST rates to make sure you collect the right amount. Here’s how.

What happens when you edit GST rate

Here are a few things you need to know before you edit a GST rate.

  • Changes you make will update the rates everywhere except for any in past transactions.
  • Existing transactions that used the earlier rate remain unchanged unless you edit the transaction and specifically select a different GST rate.
  • If you create a new transaction but use dates in the past, the transaction uses the new rate.
  • After you edit a rate, the earlier rate can no longer be used.
  • If you edit a tax rate you use on a template, you'll need to edit your template again to add the updated tax rate.
  • Reports show the data for both rates (before and after) if there are transactions for both rates in a particular period.

To edit GST rates:

  1. Go to Taxes. If you have multiple tax agencies, in the top-left ensure that the correct tax agency is selected.
  2. In the top right-hand corner next to Add tax, select the Edit GST dropdown then Edit rates.
  3. In the tax rate table, choose the rate you want to change and select Edit.
  4. In the Edit tax rate window, change the rate. You can also change the name if you like.
  5. Set the Effective date, if required, this will be the date from which the rate change will take effect.
  6. Select Save.
  7. Select On or Off beside the tax rate you want to make active or inactive.
  8. To confirm your changes select Yes.

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