Combined Tax Returns

If you’re a Zoho Books user in Québec who files GST/HST and QST returns separately, you can generate and file them together as a combined tax return. Once you submit the combined tax return, Revenu Québec will take full responsibility for handling the GST/HST returns as per the rules established by the Canada Revenue Agency (CRA). This simplifies your tax filing and helps you manage your taxes more efficiently.

In Zoho Books, you can configure the QST returns and generate a combined tax return by providing the necessary details. This lets you report both the taxes on a single form, helping you declare taxes collected from your customers and claim credits for the taxes paid to your vendors.

Configure Combined Tax Return

To configure combined tax returns in Zoho Books:

• Go to Settings.
• Select Taxes under Taxes and Compliance.
• Select Tax Returns Settings in the left pane.
• Click Configure next to Quebec Sales Tax (QST) Return / Combined Tax Return.
• In the QST Return Settings pop-up, check the option Enable Combined GST-HST/QST return.
• Click Save.

The combined tax returns have been configured. You can view them under GST/HST-QST Return section of the Tax Returns module.

Generate Combined Tax Return

To generate a combined tax return:

• Go to Tax Returns on the left sidebar and select GST/HST-QST Return.
• Click Generate GST/HST-QST Return.

The combined tax return will be generated in your Zoho Books organization.

It will display the details of the sales and purchase transactions included in the GST/HST returns. Below this, the details for QST returns will be displayed , which ensures accurate filing.

If you want to adjust the entered amount, click Adjust near the respective tax return to adjust the entries in your organization.

• In the pop-up that appears, enter the required details:

Fields	Description
Date	The date on which the adjustment was made will be displayed.
Reference #	Enter a reference number for internal use, if required.
Amount	Enter the amount to be adjusted in the tax return. Include a negative sign for a negative adjustment.
Account	Select the account to track the adjustment.
Reason	Enter the reason for the adjustment.

• Click Adjust.
• Click Mark as Filed at the top of the page.

The combined return will now be marked as Filed.

If you’ve generated tax returns earlier in Zoho Books and want to view them:

• Click View Previously Filed Returns at the top of the combined returns page.
• In the dropdown that appears, select the tax return that you want to view separately.

The selected tax return will now be displayed.

Other Actions

You can perform the following actions on the generated combined returns:

• Delete Combined Tax Return
• Record Payment

Delete Combined Tax Return

To delete a combined return generated in Zoho Books:

• Click the down arrow next to the required combined return, and click Delete in the dropdown.
• In the pop-up that appears, click Delete to confirm.

The generated tax return will be deleted.

Record Payment

If there is any tax due on the filed return, Zoho Books allows you to record the payment made to the Canada Revenue Agency (CRA). It also displays the difference between the tax amount you’ve already paid and the outstanding tax amount. You can then record payment for the difference amount.

To record a payment:

• Click the down arrow next to the required combined return, and click Record Payment in the dropdown.
• In the pop-up that appears, enter the required details:

Fields	Description
Paid Through	Select whether you want to make the payment through your bank account or credit card.
Total Tax Payable	This section shows the GST/HST and QST amounts separately, and also displays the total amount to be paid for the combined tax return.
Amount Due	It displays the amount due for the combined tax return.
Amount Paid	Enter the tax amount that you’ve paid.
Payment Date	Select the date on which the payment was made.
Reference #	Enter the reference number for the payment made for internal use, if required.
Description	Provide a short description of the payment made, if required.

• Click Save.

The payment for the tax due will be recorded.