How to make payment for GST return

Every GST registrant is required to file GST return and make payment for every taxable period. This article shows you how can you capture this transaction in Biztory.

Assumption:

Taxable Period: 1/4/17 - 30/6/17

Total Input Tax: RM1,000

Total Output Tax: RM3,000

Total Payable: RM2,000

Pre-requisite:

1. Create an Expense Category for GST Payment
   • Associated Account: GST Control (under Current Asset/Liability group)
   • Tax code: OP

Get Started

1. create an Expense as usual, indicate Kastam as the payee, and choose the GST Payment as your category when create the expense.
2. pass a journal to knock off GST Input, GST Output, and GST Control accounts