Fill out a GST or HST Tax Return
Use the Tax report and balance sheet
to fill out the GST/HST Return:
- Fill in the corrected
taxable sales total from the GST report as Total Taxable Supplies on the
GST/HST Return.
- Add the total of
the GST/HST Charged On Sales account (from the balance sheet) to the total
of the GST Payroll Deductions account. Fill in this new total as GST Collectible
on the GST/HST Return.
If you do not have a GST/HST Payroll Deduction account,
fill in the total of the GST Charged On Sales account as the GST Collectible.
- Fill in the total
of the GST/HST Adjustments account in the space provided on the return.
- Fill in the total
of the GST/HST Paid On Purchases account as the Input Tax Credit amount
on the return.
- Fill in the total
of the ITC Adjustments account in the space provided on the return.
- Follow the additional
instructions on the form to calculate your refund or payment.