Accounting Finance:PST-Monthly Report-Remittance

Overview

Reporting and paying tax means filing a tax return and paying the government the tax you charged on your sales and PST you owe on the purchases you made to run your business.

You must report and pay to us all PST and municipal and regional district tax (MRDT) you have charged, whether or not you have actually collected it from your customer. This includes tax you may have charged incorrectly, such as: at an incorrect rate (for example, you charged 10% PST on general goods instead of 7%) on a non-taxable good or service

We are responsible for submitting monthly remittances Our PST number is PST-1000-9145. A copy of our PST registration is saved in DocView/Licenses.

Contacts

• The main contact is the Manager, Finance Nancy Ng. Please direct all questions to the Manager, Finance.

• PST Helpdesk (8:30 AM to 4:30 PM)

Tel: 1-877-388-4440
Email: CTBTaxQuestions@gov.bc.ca

Generate PST Worksheet

1. Log into PST Worksheet PST Worksheet
2. Enter total PST for the month in columns C & D
3. Enter total for each voucher type specified (80-80, 10, 30, 50)
4. Click on AR-AP-in-out sheet and enter data for voucher type 30 (note the positive numbers are usually drop shipments which are in/out (paid and charged back to the store)
5. The total should match total in the Current year sheet
6. Enter the total for the in/out transaction in the current year sheet in column F and H
7. Save worksheet
8. Print the current year sheet and the AR-AP in-out sheet

Submit Monthly Report to EPRA

1. We are now ready to submit our monthly fees to PST. Log into web browser – go to PST
2. Enter User ID: 'uniPHARM' and Password and click Login
3. Click Send Access Code Email (an email with the access code will be emailed to nancyn@unipharm.com)
4. After obtaining the access code, enter the access code and click login
5. Click Provincial Sales Tax
6. Click File Return on the applicable month
7. Enter Step 1 - Total Sales & Leases (obtain from financial statement)
8. Enter Step 2 B - PST Collectable on Sales and Leases (Use Sales SO/AR) total)
9. Enter Step 3 E - Purchase and Lease Price of Taxable Goods, Software and Services (use total on AP/GL row)
10. Enter Step 3 F - PST Due on Purchases and Lease (use total AP/GL)
11. Check Step 5 - the Total Amount Due and match it to worksheet
12. Click Submit
13. Click Print Return and print
14. Click Make a Payment
15. Enter Confirmed Amount and click I hereby authorize....
16. Click Submit
17. Click Print and print two copies
18. Click Ok
19. Attached the Return and Confirmation to the worksheet printouts, with the Social Service Tax worksheet on top and forward to Angela Chan for processing.
20. Forward second copy of Confirmation with the account 21981 write on to Christine Del Rosario for processing.