Hi, I am a bit confused by the term GST Reportable, non taxable supply means. When entering this entry in MYOB, would you enter this with the GST code, and then manually override the GST amount so that it is reportable on the BAS, but did not apply the GST? Or is there another code for this that does this automatically? I couldn’t find any other code that would do this as it was either GST or N-T which is not reportable.
Have you seen the table in the manual that explains the Types of Sales?
It is explained within a table for students.
It is in unit/chapter 2 – types of supplies is the sub heading and you can look it up in the contents page to find location. Once you understand the types of supplies you can then translate them into tax codes for the software you use.
For MYOB the tax codes and explanations are found in unit chapter 4. You can use the contents page to find its location as well.
Yes I have read the manual and seen page 75 and 76 which has the codes, but nowhere does it have one for ‘ GST Reportable, non taxable sale’, I thought a sale was either one or the other (i.e. GST being reportable and either N-T or FRE being non reportable as they do not attract GST) with sometimes it instead being one of the other options (i.e. capital sale). Why does a sale need to be on the GST report as reportable if it does not attract any GST? I would have thought in that instance it would be out of scope?
I am referring to the types of sales table in chapter 2, not the tax codes list.
This page does mention taxable and non taxable sales. I think you may be miss reading this section. It is not “GST reportable”, it is “Reportable – Taxable sale” or “Reportable non taxable sale” then there is out of scope as the table states and lists.
Please refer to this page or the ATO website for types of sales.
If you are still struggling it may be best to call the student support line, I am in class teaching today, but free tomorrow.
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