Hi all,

Can anybody tell me the best way to record a GST Refund that has been audited and had ITCs denied by the CRA?

When I file my return I move the rebate/amount owing to a clearing account.  Normally, the 'GST Clearing' account would be emptied upon receipt/payment. However this amount in the clearing account will not match up with the rebate - where should I put the remainder?  The clearing account is a liability account - so I'm thinking it would have to be some sort of Expense account (?)

Thanks for any input you might have in advance,

Luana