Canadian GST Tax Reduction and Refunds

Our GST (Goods and Service Tax) was reduced from 6% to 5% on Jan 1. The problem we are having is how do we issue a refund on a purchase made in December. By law we must refund the tax at the rate the customer was charge which was 6%. We updated the GST to 5% on Jan 1 and now it will only use 5% and we can't edit the amount on the return. Even if we try to recall the transaction it uses the current rate rather than the rate at the time of the transaction.

Anybody have a work around?

Reply to
Jack of All trades, Master of None!
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What if you ...

1 - create a department called "pre-2008 GST refund" 2 - create a non-inventory, non-taxable item called "1% GST refund" 3 - set this item as "must enter price at POS" 4 - on returns, use this GST refund item to "pay back that extra percent" 5 - monitor the use of this item by running a report every few hours or daily (depending on your store volume) 6 - when your return period / policy expires (ie, next month), check mark "block the sale of this item" in item properties - options so it can no longer be used, optionally make it inactive as well as "cannot be placed on purchase order" Hopefully no bases were missed here....hope this helps.

"Jack of All trades, Master of N> Our GST (Goods and Service Tax) was reduced from 6% to 5% on Jan 1. The

Reply to
convoluted

Dear Convoluted:

We utilized your proposed solution and it is working as needed. Thank you for the help.

Reply to
Jack of All tra

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