GST rates table

Only one GST rate can be in effect at any one time for a category. However, you can set up rates in advance if you know there will be a change.

1. At the EMMS main menu, select Administration | Tables --> | Administration Tables | Accounting | Tax | GST Information. The Display GST Category screen appears.
2. Right-click on the category and select Display Rates. The Display GST Rates screen appears.
3. Click Change . The Edit GST Rates change screen appears.
4. Click Add . The Edit GST Rates add screen appears.
5. Fill in the fields as required.

   Effective Dateis the date the tax rate goes into effect. It can be a future date.

   GST Rateis the percentage charged for federal goods and services tax, to 4 decimal places. A rate of 7% is entered as 7.0000.

   GL Accountis the general ledger account to which charges should be applied for accounting purposes. You can right-click in the field and select Prompt to select the account from a list.

   Percent Recoverableis the percentage of the federal tax paid out on purchases that can be claimed back from the government, if applicable. Currently, the amount immediately recoverable in Canada is 0% since the GST Input Tax Credit (ITC) must be submitted later. Therefore, this should be set to 0.

6. Click Enter to save the tax rates.
7. Click Exit three times to return to the menu.

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