Fill Out a GST/HST Return in Cash-Basis Accounting

Use the Tax report and your Transactions By Account report to fill out the GST/HST Return:

1. On the return, fill in the corrected Taxable Sales total from the GST report as Sales and Other Revenue on the GST/HST return.
2. Add the corrected GST Charged total from the Tax report to the GST Payroll Deductions account balance from the Transactions By Account report. Enter this new total as GST/HST Collectible on the GST/HST return.

If you do not have a GST Payroll Deductions account, enter the GST Charged total from the Tax report as the GST/HST Collectible.

3. On the return, fill in the GST Adjustments account balance from the Transactions By Account report in the space called GST Adjustments.
4. On the return, fill in the corrected GST Paid On Purchases total from the Tax report as the Input Tax Credits amount.
5. On the return, fill in the ITC Adjustments account balance from the Transactions By Account report in the space called ITC Adjustments.
6. Follow the additional instructions on the form to calculate your refund or payment.

Published: June 19, 2017
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