Fill Out a QST Return in Cash-Basis Accounting

Use the Tax report and your Transactions By Account report to fill out the Quebec Sales Tax Return:

1. On the QST return, fill in the corrected Total Sales from the Tax report as Total Supplies.
2. Add the corrected QST Charged At Rate 1, QST Charged At Rate 2, and the QST Payroll Deductions account balances from the Transactions By Account report. Enter this new total as QST Collectible on the QST Return.
3. On the QST return, fill in the QST Adjustments account balance from the Transactions By Account report as QST Adjustments.
4. On the QST return, fill in the corrected Refundable QST Paid from the Transactions By Account report as Input Tax Refunds.
5. On the QST return, fill in the ITR Adjustments balance from the Transactions By Account report as ITR Adjustments.
6. Follow the additional instructions on the form to calculate your refund or payment.

Published: June 19, 2017
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