How to enter Self assessed GST to a PO

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Posted on by Roberto10

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Hi.

I'm using Dynamics 365 for Operations and I am trying to to enter a purchase order for an item that I have received. The invoice does not have PST or GST on it, so I will need to self assess the taxes, how do I go about entering this?

Thanks.

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Ludwig Reinhard Microsoft Employee on at

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Hi Roberto10,

In the invoice form of your PO you can enter a sales tax group and item sales tax group that results in your sales tax code that you want to apply. If your vendor charges you a different tax amount you can modify the calculated sales tax amount in the temporary sales tax form that can be found in the financials tab.

Best regards,

Ludwig

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Roberto10 162 on at

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Hi Ludwig.

My vendor does not charge me for taxes at all. He just sends me a net amount I should pay him. But I have to self assess the taxes according to the province I have to pay. How do I do it correctly.

Roberto.

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Ludwig Reinhard Microsoft Employee on at

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Hi Roberto,

Can you provide some additional information on the kind of tax and the country specific rules that require this self assessment?

Best regards,

Ludwig

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Roberto10 162 on at

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Hi Ludwig.

Here is an example:

Seeds are normally sold to farmers who are GST exempt, so the company is not set up to charge GST. So we purchase (in this case $360.00 in seeds, and the invoice has no GST added) our bill is for $360.00. Because we are not a farmer we are responsible to self assess the GST and submit our portion of GST to the government.

So in the system I would enter the total $406.80

S/A GST -$18.00

S/A PST -$28.80

Total to pay to vendor $360.00

Hope it helps,

Roberto.

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Ludwig Reinhard Microsoft Employee on at

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Hi Roberto,

Can you have a look at how your sales tax codes are setup especially the calculation parameters that define how the GST is calculated?

Is it actually a sales tax that you need to post or is the tax more like a withholding tax?

Best regards,

Ludwig

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Roberto10 162 on at

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Thanks Ludwig.

I will check if it helps.

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Ludwig Reinhard Microsoft Employee on at

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Hi Roberto10,

I tested this in my demo environment and believe that I got the right setup.

Please test the following in a demo/test environment

Setup sales tax codes

Setup sales tax group

Setup item sales tax group

Create a new journal

Create lines

Calculated sales tax

Posted voucher

Best regards,

Ludwig

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Roberto10 162 on at

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Thanks you Ludwig.

I will check your solution with my finance department.

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