I'm paying 6% GST on goods during importation and I'm able to claim this amount as input tax. How do I record this in Quickbooks?

Paid tax usually in a single transaction. Which account to use? 

Answer

Hello Shah, hope that you're well today!

For Malaysia's version of QBO, the default tax codes to use for GST would be automatically created for you when you turn on the GST module. If you haven't done so, please click on GST from the left hand panel and then select the option to set up GST.

Once the above is completed, while creating your transaction simply insert the IM tax code to record input tax that's claimable.

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