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Value Added Tax (VAT) is an indirect tax on the consumption of goods and services. GST/HST is levied at each stage of the supply chain where value is added from initial production to the point of sale.
Setting up GST/HST
The following table lists articles that can help you get started with GST/HST in Business Central.
| Article | Description |
|---|---|
| Set Up GST/HST | This article provides information to help you correctly calculate, post, and report on GST/HST for sales and purchases. |
| Posting Group Setup | This article provides an overview of the GST/HST and other posting groups you can use to save time and avoid mistakes when you post transactions. |
| Set up nondeductible GST/HST | This article provides information about how to properly to set up nondeductible GST/HST related to percentages and accounts. |
| Set Up Unrealized GST/HST | If you use cash-based accounting, this article provides guidance about how to specify handling unrealized GST/HST for sales and purchases. |
| Set Up a GST/HST Statement | This article provides information to ensure that you know how to set up a GST/HST statement template and names to meet changing tax authority requirements. |
Using GST/HST features
The following table lists articles that can help you start using GST/HST features in Business Central.
| Article | Description |
|---|---|
| Work with GST/HST on Sales and Purchases | This article describes various ways to work with GST/HST using a manual or automatic setup. This article guides you on how to meet country/region-specific regulations. |
| VAT reports | This article provides information about the built-in reports for GST/HST. |
| Submit GST/HST Reports to Tax Authorities | This article explains how to prepare reports that list GST/HST from sales during a period, or from sales and purchases, and then submit the report to a tax authority. |
| Use nondeductible GST/HST | This article explains how to use and report nondeductible GST/HST. |
| EU third-party purchase transactions | This article covers how to handle cases where European Union (EU) third-party trade involves multiple EU countries. For example, when you receive a purchase invoice from a customer in one EU country/region and you send the products to another without entering the country of residence. |
| Managing GST/HST Rate changes | This article describes how you can use the GST/HST rate change feature to change GST/HST rates based on local legislation. |
| Validate GST/HST Registration Numbers | This article explains how to validate GST/HST registration numbers for your contacts, customers, and vendors based on the EU VIES GST/HST Number Validation service. |
| Multiple GST/HST registration numbers | This article describes how to set up multiple GST/HST registration numbers (as an alternative GST/HST rate) for customers who operate in different countries/regions. |