Self Assessing GST & PST in the General Ledger.

My business purchased an item from outside of Canada. I paid the invoice using my credit card but now have to self assess GST and PST for item purchased. How do I correctly enter this in the general ledger?

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    are you reselling the item? or are you using it for manufacturing purposes? We purchase from the states all the time and there is no HST or PST because we are tax exempt as long as we are using it in the manufacturing of making a good. so there is no HST or PST recorded. IF you purchased it to resell it than you would have to convert the value to CDN funds and add the tax to it.