Hi there, It looks like my GST calculation worksheet is wrong. I do importations and I pay GST upon custom clearance (not from purchase invoice). So I do journal entry and debit GST amount on GST Refund/ Payable account directly. It seems that this amount is not included in 1B, in the GST calculati…

You shouldn’t be doing Journals with regards to GST activity. On the Customs Invoice where you were charged the importation GST, you need to input it over two lines. The first line includes the Purchase Invoice value so the GST is calculated out = 1000 + 100 The second line includes the Purchase …

Thank you very much for your info, I will have a look, but I¹ve been doing same procedures for the last 12 months and I didn¹t have any issue. I guess I will have to check all the entries, but it seems that everything was ok before I updated early november. I will get back to you.

HI there, I’m still unable to solve that issue. It seems that I haven’t claimed any GST that I’ve paid on Imports (GST ON IMPORTS). So when I get an invoice from customs, where do I do the entry if I cannot use journal entry? Should I raise another purchase invoice? If so, the currencies are differe…

Read this topic it has a demonstration example [image] Journal entry for vat invoice I buy amber from oversea on regular basis and i always get an invoice for the VAT after i bought it from customs. I have to enter this with a journal entry beacause it is a different in…

Hi Brucanna, Thank you for the demonstration example, I read through it but I still have some issues. First of all I buy in foreign currencies and I pay customs clearance, charges, duty and GST on imports in Australian dollar. so if i create a new purchase invoice, I need to select a customer first…

[image] jimmy: I pay customs clearance, charges, duty and GST on imports in Australian dollar. Whoever you are paying these charges to, is the Supplier you select (not - “I need to select a customer first”) [image] jimmy: I usually pay from my personal account and I have an account as ‘L…

[image] Brucanna: Whoever you are paying these charges to, is the Supplier you select (not - “I need to select a customer first”) When I create a new Purchase Invoice, I need to select a supplier right. How do I enter figures in AUD when the supplier is set for foreign currencies? Do not forg…

If you are paying the same Supplier in two different currencies, then set up the Supplier twice, once for each currency.

Dear Brucanna, Thank you for your very helpful information, I’ve been able to work it out and everything seems fine now. I’ve understood that there’s a difference in between purchases and expenses and the entries can be different. So no journal entry for purchases… However I just want to point out…

Hi Brucanna, I am not sure if I need to open a new discussion here, but after correcting my entries for GST I had to ask for a revision on my BAS for the last 2 quarters and I ended up getting a refund from the tax office. The tax office refunded me part of the amount claimed and held back the bal…

GST Calculation Worksheet for BAS

Brucanna February 22, 2017, 9:02am 6

Read this topic it has a demonstration example

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GST Calculation Worksheet for BAS

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