GOI & the GST Return
Hi, I have imported some product, and need to include the GST on Imports in my GST return. I'm using MYOB essentials, payments basis. I would like GST on Imports to show in my GST Return ...
Forum Discussion
Hi pandw
Thanks for your post. In that Help Article, Recording overseas purchases and import costs (NZ), there's instructions for recording this if you're using the payments method in Step 2. Recording the overseas purchase:
Using the payments basis?
If you're not creating bills but you're accounting for the GST on imports at the time of payment (e.g. via a bank feed), you can simply allocate the GST at the time of payment directly to the GST Input Tax Adjustment account. The initial entry to GST Paid to Customs (as shown in step 2 above) and the subsequent journal entry described below in Task 3 'Transferring the GST' does not need to occur.
Please let me know if you need further help.
If my response has answered your enquiry please click "Accept as Solution" to assist other users find this information.
Thanks.
But it doesn't really answer my questions - how is the GOI code supposed to work? and is there a simple way to get the adjustments to show up on the standard MYOB GST report/return?
