(CAN) Create sales tax entries for tax on rebates and self-assessments [AX 2012]

Updated: November 19, 2010

Applies To: Microsoft Dynamics AX 2012 R3, Microsoft Dynamics AX 2012 R2, Microsoft Dynamics AX 2012 Feature Pack, Microsoft Dynamics AX 2012

Companies must submit Goods and Services Tax or Harmonized Sales Tax (GST/HST) returns to the Canada Revenue Agency (CRA) based on self-assessment of imported goods. If you import taxable supplies, you must assess the value of the goods, calculate the GST/HST amount due, and submit the total self-assessed amount with your tax return. You can claim any rebates to which you may be entitled from the government by filing manually.

Entries for self-assessed taxes and rebates are recorded in the vendor invoice journal and the general journal using the Journal voucher form. Use this procedure to record sales tax transactions for rebates or self-assessments.

  1. Click Accounts payable > Journals > Invoices > Invoice journal.

    –or–

    Click General ledger > Journals > General journal.

  2. Create a new journal.

  3. Click Lines to open the Journal voucher form.

  4. In the Account type field, select Vendor.

  5. In the Account field, select the account number of the vendor.

  6. In the Credit field, enter the amount of the transaction.

  7. In the Offset account type field, select Bank.

  8. In the Offset account field, select the bank account.

  9. Click the General tab, and in the GST/HST field, select the GST/HST transaction type from the following options:

    • None – No sales tax transaction is created.

    • Rebates (Line 111) – A sales tax transaction is created for the transaction type rebate.

    • Tax on acquisition – A sales tax transaction is created for the transaction type acquisition.

    • Self-assessment (Line 405) – A sales tax transaction is created based on the self-assessment.

  10. Click Post > Post to post the journal.

  11. Close the forms to save your changes. Click General ledger > Inquiries > Tax > Posted sales tax. to view the GST/HST details posted in the purchase order lines, vendor invoice journal, and general journal.


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