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NLH1
Level 1
posted
‎March 08, 2022 02:13 PM
last updated ‎March 07, 2022 7:13 PM

Missing GST on Sales in Quarterly Tax summary

Hi, 

 

My quarterly GST report is showing a zero balance for GST on sales.

 

In my invoices I exclude GST (subtotal) then it has 10% under this amount so the client can see the GST (10%).

 

Is this correct or do I need to apply the GST to each invoice then resubmit all my Quarterly amounts to the tax office as a revision?

 

Thanks:)

 

 

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1 Comment 1
IntuitSheila
Level 8
‎March 08, 2022 02:50 PM

Missing GST on Sales in Quarterly Tax summary

Hi NLH1,

 

The GST amount shown in your BAS is based on the transaction coded with GST 10%. Exclusive tax means that the GST is calculated on top of what is listed at the line item level. You'll have to review your invoices and make sure it has GST 10% tax code applied, and the date is correct.

 

You can run a Transactions by Tax Code and Transactions without GST report to check what sales transaction has GST applied to it. Here's how:

 

  1. Click on the GST tab.
  2. Click on Run reports at the top right.
  3. Click on Transactions without GST, or Transactions by Tax Code.

 

Then, review each transaction making sure there's a GST code applied to them.

 

If you've already lodged the BAS for the said period and found out some of the invoices does not have GST applied to them, you can request to unlodge/reverse the BAS period so that the changes will be accounted for to the correct BAS period.

 

Here is a few articles you can check to learn more about GST in QuickBooks Online: 

 

  1. GST Overview for QuickBooks Online
  2. GST Central

Feel free to reply to this thread if you have more questions about GST. The Community is here to help you. Have a nice day!

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