GST Return Form with Credit Notes/Customer Return & Refund

[QTL]

Hello,

We have one Customer Refund (for services not delivered successfully) for this period and we have already pay GST on this income last year.

When I check the GST form on MYOB, it shows the value of the refund on box 5 (reduce total sales and income). Do I need to move the GST amount of this refund to box 13 instead of when I fill the return to IRD? The final GST to pay is the same, I am just not sure about the figures to put in each box.

Thanks.

[jenniek]

Hi @QTL 

Its fine in Box 5 as long as you have other sales and income to offset it.

Otherwise transfer it manually to the purchases side to claim back the GST.

[QTL]

Hi Jennie,

Thanks for your reply. 

We have Sales and Income to offset but is it more appropriate to put in box 13 (credit adjustment) on the return form?

[jenniek · Accepted solution]

Hi @QTL 

No - not neccessary. You would only use this for unusual refunds/transactions.