![Expenses Expenses](https://d1hzvs60s6jsjg.cloudfront.net/IMAGES-1/115005085723/screenshot_1.png)
Is my GST remittance considered a business expense? I do NOT use the quick method. I read in a response elsewhere that for those using the quick method, GST remittance was an expense. No detail was provided for non-quick-method users.
![Gst Gst](/uploads/1/2/5/4/125499502/481809494.png)
Hi allI have a GST question.I have warehouse charges that accrue each month but I am yet to be billed for them (long story).Anyway, I take these charges into account EOM through a journal entry ie dr warehousing, cr month end suspense. I'm currently recording these transactions as N-TThis may be a silly question but is the tax code applicable GST?It makes sense in one way for me to allow for GST as there will be GST owing when we finally receive a bill. In the same breath I haven't actually paid the GST yet as I've only accounted for the expected expense.I'm confused.what code should I be using?Lay person speak reply please - I'm a jack of all trades and master of none.ThanksKas. HiI would start off with checking whether the supplier is registered for GST. Thank you but I need to clarify the following:If your business BAS is on accrual basis your claim the GST paid on an incurred basis.Yes we are an accrual basis.Yes, the supplier is registered for GST.Just so I am clear, when I debit the warehouse expense account and I credit the month end suspense account, I record this as N-T for as I haven't received a tax invoice to settle.Is that correct??I guess this then leads to another question.When I finally do get a tax invoice and I reverse the month end suspense to pay the account, the reversal is again recorded as N-T to match the original entry??