Quick Jump Menu
Advanced Search Search the Knowledgebase
Sage 50 - How to finalize the GST return so that system will proceed with the GST Return for new taxable period ?
Author: Wan Hua Ng Reference Number: AA-08042 Views: 1413 Created: 2016-03-28 15:37 Last Updated: 2016-03-29 15:41 0 Rating/ Voters

 Scenario :

How to finalize the GST return so that system will proceed with the GST Return for new taxable period ?


Steps :

1. In the GST Return, click on Save as Final after you have verified your GST reports and confirmed the amount are correct.



Using the below example, 



The below journal entries will be generated automatically by the system, to zero-rized the balance in GST Input tax & GST Output tax GL, and move it to GST Control GL.





2. Check the GST Next Filling date in Company Profile, it is being updated accordingly.



3. At the GST Dashboard,  the GST Return Overview has been refreshed accordingly.



Rss Comments
  • There are no comments for this article.
Info Add Comment
Nickname: Your Email: Subject: Comment:
Enter the code below: