1. Chapter 2: GST Basics
Chapter 2: GST for MYOB Accounting Plus

2. Family as the final consumer pays the total $120 GST
Figure 2.1: Example of value added supply chain
Manufacturer sells a fridge for $800 plus GST to a retailer. Collects $80 for the GST
$80 GST sent to ATO
$40 GST sent to ATO
Retailer sells the fridge to a family for $1,200 plus GST. Collects $120 for the GST
Family as the final consumer pays the total $120 GST
Chapter 2: GST for MYOB Accounting Plus

3. Chapter 2: GST for MYOB Accounting Plus
Figure 2.2: Example of GST-free export
Manufacturer sells a fridge for $800 plus GST to a wholesaler. Collects $80 for the GST
$80 GST sent to ATO
$80 Refund from ATO
Wholesaler sells and exports the fridge to a customer in New Zealand for $1,200. No GST paid as this is a GST-free export
Chapter 2: GST for MYOB Accounting Plus

4. No credit to the landlord for the $500 GST paid to the painter
Figure 2.3: Residential rent as an Input Taxed Supply
Painter paints flat and charges the landlord $5,000 plus GST. Collects $500 for the GST
$500 GST sent to ATO
Landlord rents the residential flat out at $1,400 per month with no GST
No credit to the landlord for the $500 GST paid to the painter
Chapter 2: GST for MYOB Accounting Plus

5. Chapter 2: GST for MYOB Accounting Plus
Figure 2.4: GST section of the BAS Information set up
Chapter 2: GST for MYOB Accounting Plus

6. Chapter 2: GST for MYOB Accounting Plus
Figure 2.5: Option 1 – GST Calculated and reported quarterly
Chapter 2: GST for MYOB Accounting Plus

7. Chapter 2: GST for MYOB Accounting Plus
Figure 2.6: Option 2 – GST Calculated and reported annually
Chapter 2: GST for MYOB Accounting Plus

8. Chapter 2: GST for MYOB Accounting Plus
Figure 2.7: Option 3 – Pay GST Instalment Amount
Chapter 2: GST for MYOB Accounting Plus

9. Chapter 2: GST for MYOB Accounting Plus
Figure 2.8: Summary of quarterly tax obligations on BAS
Chapter 2: GST for MYOB Accounting Plus

10. Chapter 2: GST for MYOB Accounting Plus
Figure 2.9: GST calculation worksheet for BAS
Chapter 2: GST for MYOB Accounting Plus

11. Chapter 2: GST for MYOB Accounting Plus
Figure 2.10: New Tax Code for Export Sales
Chapter 2: GST for MYOB Accounting Plus

12. Chapter 2: GST for MYOB Accounting Plus
Figure 2.11: Selecting a GST code for an Item
Chapter 2: GST for MYOB Accounting Plus

13. Chapter 2: GST for MYOB Accounting Plus
Figure 2.12: Credit terms and tax code for a customer
Chapter 2: GST for MYOB Accounting Plus

14. Chapter 2: GST for MYOB Accounting Plus
Tax Inclusive box Ticked (On)
Figure 2.13: An example of a Tax-inclusive cheque
Amount includes the GST($80 plus $8 GST)
GST shown in gray
Chapter 2: GST for MYOB Accounting Plus

15. Chapter 2: GST for MYOB Accounting Plus
Figure 2.14: Recap Transaction window for a cheque
Chapter 2: GST for MYOB Accounting Plus

16. Chapter 2: GST for MYOB Accounting Plus
Figure 2.15: An example of a tax-exclusive cheque
Tax Inclusive box Not Ticked (Off)
Amount excludes the GST($80 cost only)
GST $8 added
Chapter 2: GST for MYOB Accounting Plus

17. Chapter 2: GST for MYOB Accounting Plus
Figure 2.16: Bill for purchase of items on credit
Chapter 2: GST for MYOB Accounting Plus

18. Chapter 2: GST for MYOB Accounting Plus
Figure 2.17: Invoice for sale of items on credit
Chapter 2: GST for MYOB Accounting Plus

19. Chapter 2: GST for MYOB Accounting Plus
Figure 2.18: Input taxed residential rent received and deposited
Chapter 2: GST for MYOB Accounting Plus

20. Chapter 2: GST for MYOB Accounting Plus
Figure 2.19: A tax-inclusive cheque paying for advertising
Chapter 2: GST for MYOB Accounting Plus

21. Chapter 2: GST for MYOB Accounting Plus
Figure 2.20: The Recap Transaction window for cheque paying advertising
Chapter 2: GST for MYOB Accounting Plus

22. Chapter 2: GST for MYOB Accounting Plus
Figure 2.21: Cheque drawn to pay June tax amounts
Chapter 2: GST for MYOB Accounting Plus

23. Chapter 2: GST for MYOB Accounting Plus
Figure 2.22: GST report selected from list
Chapter 2: GST for MYOB Accounting Plus

24. Chapter 2: GST for MYOB Accounting Plus
Figure 2.23: Report Customisation window for a GST report
Chapter 2: GST for MYOB Accounting Plus

25. Chapter 2: GST for MYOB Accounting Plus
Figure 2.24: Completed GST calculation worksheet for BAS
Chapter 2: GST for MYOB Accounting Plus

26. Chapter 2: GST for MYOB Accounting Plus
Figure 2.25: Option 1 on front page of BAS
Chapter 2: GST for MYOB Accounting Plus

27. Chapter 2: GST for MYOB Accounting Plus
Figure 2.26: The BAS Information window
Chapter 2: GST for MYOB Accounting Plus

28. Chapter 2: GST for MYOB Accounting Plus
Figure 2.27: Field Setup for GST code G1
Chapter 2: GST for MYOB Accounting Plus

29. Chapter 2: GST for MYOB Accounting Plus
Figure 2.28: Front sheet for BASlink Business Activity Statement
Chapter 2: GST for MYOB Accounting Plus

30. Chapter 2: GST for MYOB Accounting Plus
Figure 2.29: Back Sheet for BASlink Business Activity Statement
Chapter 2: GST for MYOB Accounting Plus

31. Chapter 2: GST for MYOB Accounting Plus
Figure 2.30: Sample payment prepared by BASlink
Chapter 2: GST for MYOB Accounting Plus