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LizSmeth
Level 2

How do I record HST refunds being used by CRA to cover balances owing from other periods

Net refund of just over $1,000 for 2 separate months was transferred by CRA to penalties/interest charges from 2 other prior periods and then the balance was refunded.

 

I can use the refund as a credit when attempting to pay another HST period but it won't allow the credit to be used on the penalty payments.  Alternatively, I cannot select any expenses to reduce the deposit amount if I choose 'record deposit'

 

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