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reeja
Level 1

To take the gst input credit, how to mention gstt number for bank .

 
2 Comments 2
MaryLurleenM
Moderator

To take the gst input credit, how to mention gstt number for bank .

Let me help you in adding the bank's GST number, reeja.

 

You can add the bank as a supplier so you can add the GST number. Here's how:

  1. Select Expenses, then Suppliers.
  2. Select New Supplier.
  3. Complete the fields in the Supplier Information window.
  4. Select Save and close.

Then, for the bank charges, create an expense transaction, then use the newly added supplier (bank) to claim the input tax.

  1. Click the + New button and select Expense under Vendors.
  2. Under the Payment account, select your bank.
  3. In the Payment date field, enter the date.
  4. From the Category column, choose Bank Charges expense account from the drop-down list.
  5. Enter the amount in the Amount column.
  6. Fill in the other necessary fields.
  7. Hit Save and close.

For future reference on how QuickBooks generates reports on GST, you can click this article: The GSTR3B (GSTR 3B) report in QuickBooks.

 

Let me know if you have other GST questions, I'll be more than willing to help you out.

Alok Shah
Level 3

To take the gst input credit, how to mention gstt number for bank .

Create bank as a supplier and then you can enter the GST details. While doing the entries as Expenses you can select the supplier and then GST would be reflected in ITC report. 

 

Let me know if you have any issues

 

Alok Shah

[Removed phone number]