When doing a general journal from Liabilities to Income and the invoice had GST on it, do I use tax code GST or N-T for the general journal?
@JoWood @Earl_HD
Jo,
Would depend when a Taxable Supply occurs.
Lets say a Customer pays a refundable Deposit, I would use N-T.
When the Income is recorded, I would use GST.
Duncan
Hi @JoWood,We recommend consulting an accountant or financial advisor to obtain an accurate answer in this situation.Regards,Earl
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