Hello, 

I am going through my gst for the year, and my sales are about 103,000, my taxable sales says 124,000. 

my expenses were 51000, so my gst to pay is said to be about 3500. When reviewing the gst report, there are a bunch of deposits (refunds) that are coded as GST (sales). If i make them GST purchases, the taxable sales reduces by this amount. When a recorded transaction for a refund is recorded, this would be recorded as GST sales and not GST purchases correct? Basically, my sales plus my refunds from vendors equals taxables sales summary???

Thanks,

Graeme