FYI Income Tax Refund is NOT the same to GST refund.Prepaid Income Tax Instalment is a prepayment, therefore an asset. GST colected/paid is just goverment fees ...
Technically it is a refund of overpaid prepaid income tax, which you've paid via the company PAYG instalment, recorded under the "PAYG instalment paid" account ...
Technically it is a refund of overpaid income tax, which you've paid via the company PAYG instalment, recorded under the "PAYG instalment paid" account - a curr...
