Where does the Eco tax go in bookkeeping and taxes when filing your GST remittance? Does it stay in with your GST input tax credits?
I code it as part of the cost of the purchase ... whether that is an expense or capital item. It does not get booked to your GST Payable account and is NOT an input tax credit.P.S. I would like to remind you there is a difference between information and advice. The general information provided in this post or on my site should not be construed as advice. You should not act or rely on this information without engaging professional advice specific to your situation prior to using this site content for any reason whatsoever.
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