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SylverS
March 17, 2025
Question

Discrepancy In GST Installments vs. Annual Sales Tax Return

  • March 17, 2025
  • 1 reply
  • 0 views

Canadian here - I need help resolving a discrepancy in our QB Desktop Premier regarding GST installments not correlating to the annual Sales Tax filing.

 

We pay quarterly GST installments as per CRA. The actual installment payments are due at the end of the month following each quarter. So for example, we paid our installment for the Oct-Dec/2023 quarter on January 28, 2024. We enter the installments as cheques paid to Receiver General as Items in QB, to a dedicated GST Installments item account.

 

When we use QB to generate the 2024 annual GST (Sales Tax) return, it is gathering the 4 installments PAID in 2024 and using those as Line 110 "Installment and other annual filer payments". But the first installment, the one paid in January/24, is incorrect, as it was for the last quarter of 2023. The proper quarterly installment payments for 2024 were paid in Apr/24, Jul/24, Oct/24 and Jan/25, but QB is not in agreement because it's looking at the calendar year when determining the total amount we have paid in installments. As a result, our GST filing is incorrect as per QB.

 

Are we doing something wrong when entering these installments into QB? What is the correct way to resolve this?

1 reply

RazzieE
RazzieE
March 18, 2025

Thank you for sharing your concern in a detailed manner, @SylverS . You can create a Journal Entry (JE) to make the necessary adjustments.

 

To resolve the discrepancy between your GST installments and the annual Sales Tax return in QuickBooks Desktop (QBDT), creating a Journal Entry (JE) is the recommended solution. This method enables you to make the necessary adjustments to ensure your records are accurate. It’s advisable to consult your accountant for guidance on which accounts to use when creating the JE and to ensure compliance with CRA requirements.

 

You can also refer to this post shared by MohnishP, as it addresses similar concerns: https://quickbooks.intuit.com/learn-support/en-ca/taxes/gst-hst-installments-and-annual-return/00/994514.

 

I'll leave this article for you so you can make sure everything is accurate before paying taxes: Review sales tax reports.

 

If you have more questions about Sales Tax filing or any QBDT-related issue, you can always return to this thread. Have a great day.

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