Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
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:)
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:
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:
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!
You have clicked a link to a site outside of the QuickBooks or ProFile Communities. By clicking "Continue", you will leave the community and be taken to that site instead.
For more information visit our Security Center or to report suspicious websites you can contact us here