by Julia
(Burnaby, BC)
How do you input a Canada Border Services Agency invoice?
Hi, I'm having trouble figuring how to record GST assessed by CBSA (Canada Border Services Agency) on goods imported.
We purchased the items as supplies (not being resold) from the US. No GST was applied to the vendor's invoice. I entered the invoice as supplied and recorded the purchase to the US firm and our subsequent payment. Once goods arrives at the border, the CBSA assesses GST on the items and issue us their invoice for GST and duty on the imported goods.
My question is how to record the GST assessed with QuickBooks so the GST we pay is tracked as an ITC? I know that posting to GST Payable isn't recommended and when I try, I get a sales tax exception. Normally with Canadian bills, the GST is calculated automatically and is treated as an ITC and appears automatically on the Sales Tax Report. Any advice you have would be most appreciated.
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