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August 26, 2024
Question

GST, ITC, and buisness expenes

  • August 26, 2024
  • 1 reply
  • 0 views

So I know how GST and ITC credits work I am just wondering how to enter things with the software.

Say I am entering my business rent that I am claiming the GST on as a input tax credit do I also include the GST portion of my rent in the software when entering my rent? 

1 reply

Community Manager
August 28, 2024

No, you will not enter the amount with the GST as you will be claiming the GST separately in your GST/HST return.

 

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