GST on Imported Service

In order to clarify on the above subject, please find attached a step-by-step guide to perform the said transaction which proves the system has mechanism that can reverse elements for Imported Services transaction.

1. When creating Supplier Invoice for the imported service, tag the GL with Tax Code ISRV, take note that Tax Rate is 0%
   
2. File the SINV under Input Tax Filing. Once filed, a new JTXN will be created for the SINV
       
   
   1. The journal will be dated according to the filing date (violate boxed entries)
   2. Debit : Default GL for Input Tax
      
      1. This may or may not be further broken down to (red boxed entries)
         
         1. Debit : Default GL for Input Tax filed
         2. Credit : Default GL for Input Tax
   3. Credit : Default GL for Output Tax
   1.  
3. Check "TX" and "DS" reverse mechanism from the system using supporting reports.
   1. 
      Input Tax Invoice Report:
      
   2. Output Tax Invoice Report