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GST CLAIM

PodR
1 Post
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PodR
Cover User

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GST CLAIM

I provide a service to a facility. The facility takes a percentage of my fee. They invoice me for this percentage but automatically pay the amount owing, minus the GST. 

Therefore they just pay the amount the owe and this is shown as a credit in my bank feeds.

I need to know how to claim back the GST i have paid on this, obviously as its a credit in my transactions i cannot do this. 

Can anyone help with a way of claiming the GST

Thanks

1 REPLY
MYOB Moderator Steven_M
26,984 Posts
MYOB Moderator
New Zealand
Steven_M
MYOB Moderator

26984Posts

3131Kudos

3953Solutions

Re: GST CLAIM

Hi @PodR

 

I would recommend speaking to an accountant in regards to the recording of that transaction(s) and the accounts/amounts/tax codes involved in the process.

 

From an MYOB Essentials point of view, tax is calculated and reported on based on the tax code that is added to the transaction. For example, if you add the GST tax code to a tax-inclusive purchase of $100, GST paid would be $10.


Kind Regards,
Steven
MYOB Client Support
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