Below is the conclusion, at least for now :
GST on credit card charges will not be automated.
There are 2 ways to record GST on credit card charges :
Option 1 : continue to use Card Payment Config to auto calculate credit card charges
- Create PV just for the GST on cc charges.
- Debit : new_gst_for_cc_charges_gl
- Credit : cashbook_gl
- Do GST Adjustment
- Debit : gst_Input
- Credit : new_gst_for_cc_charges_gl
** Notes: - if not create new glcode (new_gst_for_cc_charges_gl ) , can use gst_contra glcode
- the "cashbook_gl" refer to your credit card configuration "Preferred Cashbook" posting cash book
Option 2 : stop using Card Payment Config to auto calculate credit card charges
- Create PV just for the CC charges + GST
- Debit : credit_card_charges_gl (and specify Input Tax for this GL)
- Credit : cashbook_gl
