How to key in custom gst?
Description: How to make payment on custom GST for import purchase?
1. EXAMPLE OF CARGO CLEARANCE PERMIT
Here is an example of custom permit.
In the above sample document, -
The gross amount before GST amount is $ 8,149.01 - While the GST amount is $ 570.43
2. HOW TO KEY IN THIS TRANSACTION IN THE SYSTEM?
Step 1. Use GC transaction and fill up the transaction header as follows.
Step 2. Fill up the transaction detail as follows.
In the above entry, the payable amount is $ 570.43 which is pertaining to the GST amount payable to Singapore Customs.
3. RESULT OF ENTRY
Here is the result of the above entry in GL.
Here is the result of the entry in GST F5 Grouping Details report.