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January 6, 2024
Question

Hi,How can I do to access the 8% GST in 2024? I have some transaction done in Dec 23, and it will only be invoiced on Jan 24.

  • January 6, 2024
  • 1 reply
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1 reply

January 6, 2024

I'll help you access the 8% GST in 2024, support.

 

As the new rate is 9%, we can add an 8% tax rate. You can apply it to your December transactions that you'll invoice on January 24. Here's how:

 

  1. In the Tax Centre, click Add tax.
  2. Choose which type of tax rate you want to set up.
  3. Enter the details of your tax rate.
  4. Hit Save when finished.

 

Moreover, I'll include this article to help you view transactions that contribute to exception amounts: GST/Tax Exception Detail Report.

 

Comment below if you need further assistance managing your GST tax rates, and I'll get back to you. Have a great day!

January 26, 2024

Hi, after adding new sales tax of 8% for year 2024, where i can find and edit the new sales tax code?

January 26, 2024

I'll be glad to walk you through editing the new sales tax code, Kat.

 

You can go to the Taxes menu and follow the steps below to accomplish this process.

 

  1. From the Taxes menu, click the Edit GST drop-down arrow.
  2. Select Edit rates.
  3. On the GST Rates page, click the tax name to see the Edit option.
  4. Click Edit and update the necessary information.
  5. Once done, hit the Save button to reflect the changes.

 

Additionally, you can visit these articles for more information:

 

 

Please let me know if you have more concerns about handling tax rates in QuickBooks Online.