Let me share some information about adding GST in QuickBooks, @piya-tcw.
Currently, the option to add 2 GST or addresses in the same company isn't possible. We can only set another agency.
To create custom tax agency, here's what you need to do:
- Proceed to Taxes and in Tax Centre, select Add tax.
- A panel slides out from the right. Here, select Custom tax.
- Enter the Tax name (For example. Excise Duty), and the Description.
- Tax agency name gets populated automatically based on the Tax name you've entered. You can change this if you wish.
- Enter the Registration number and choose Start of current tax period from the dropdown.
- Select Filing frequency for this agency from the dropdown.
- Choose Reporting method. Note: Usually it'll be Accrual. If in doubt, please consult with your accountant.
- Select the type of transactions this tax is applied to. Note: Usually, it'll be for both Sales and Purchase transactions.
- Enter the Sales rate or the Purchase rate depending upon the type of transaction selected.
- If the tax applied on purchases is reclaimable, select the box Purchase tax is reclaimable.
- Click Save.
If you wish to get in touch with our support team, you can contact them through this link: Contact QBO support team.
Additionally, I'll be sharing these resources to help manage GST in QuickBooks:
Keep me posted if you have further concerns with adding multiple GST or address in QuickBooks. I'm always around to help. Stay safe!
