{"id":1265,"date":"2023-04-14T13:17:13","date_gmt":"2023-04-14T10:17:13","guid":{"rendered":"https:\/\/akaunting.com\/hc\/docs\/taxes-and-filing\/filing-taxes\/filing-taxes-with-gst-australia\/"},"modified":"2023-05-16T11:04:05","modified_gmt":"2023-05-16T08:04:05","slug":"gst-australia","status":"publish","type":"docs","link":"https:\/\/akaunting.com\/hc\/docs\/taxes-and-filing\/filing-taxes\/gst-australia\/","title":{"rendered":"Filing Taxes with GST Australia"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Goods and Services Tax (GST) for Australia app allows you to easily create and manage automated reports for lodging <code>Business Activity Statements (BAS)<\/code>. The app is simplified for all users.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">You need to install the <a href=\"https:\/\/akaunting.com\/apps\/gst-au\" target=\"_blank\" rel=\"noreferrer noopener\">GST Australia App<\/a>. Check out how to <code><a href=\"https:\/\/akaunting.com\/hc\/docs\/apps-and-integrations\/installing-an-app\/\" target=\"_blank\" rel=\"noreferrer noopener\">install<\/a><\/code> or <code><a href=\"https:\/\/akaunting.com\/hc\/docs\/apps-and-integrations\/purchasing-an-app\/\" target=\"_blank\" rel=\"noreferrer noopener\">purchase<\/a><\/code> apps on Akaunting.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Setting up GST<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Go to <strong>Activity Statements<\/strong> on the Navigation Menu<\/li>\n\n\n\n<li>Click <strong>GST Return Settings.<\/strong><\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-video\"><video height=\"1080\" style=\"aspect-ratio: 1920 \/ 1080;\" width=\"1920\" controls src=\"https:\/\/assets.akaunting.com\/hc\/2023\/05\/16104411\/gst-au-settings.mp4\"><\/video><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li>On the <strong>GST AU Return<\/strong> page, map the tax rates in Akaunting with corresponding GST tax types. If you do not have tax rates set up, click the&nbsp;<strong>Setup Tax Rates<\/strong>&nbsp;button to create the default ones.<\/li>\n\n\n\n<li>Enter your <strong>Australian Business Number<\/strong>.<\/li>\n\n\n\n<li>Choose the <strong>Reporting Period <\/strong>&#8211; Monthly, Quarterly, or Yearly.<\/li>\n\n\n\n<li>Select the <strong>Tax Basis<\/strong> &#8211; Accrual or Cash<\/li>\n\n\n\n<li>Define a date for Generating the Business Activity Statement.<\/li>\n\n\n\n<li>Then, <strong>Save<\/strong>.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Setting Up Rates for the GST Tax Types<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Go to <strong>Settings <\/strong>on the Sidebar.<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-video\"><video height=\"1080\" style=\"aspect-ratio: 1920 \/ 1080;\" width=\"1920\" controls src=\"https:\/\/assets.akaunting.com\/hc\/2023\/05\/16104436\/setting-up-rates.mp4\"><\/video><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Select <strong>Taxes.<\/strong><\/li>\n\n\n\n<li>Click the relevant GST Taxes to <strong>Edit<\/strong>.<\/li>\n\n\n\n<li>Then, <strong>Save<\/strong>.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Generating GST Report<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Go to <strong>Activity Statements<\/strong> on the Navigation Menu<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-video\"><video height=\"1080\" style=\"aspect-ratio: 1920 \/ 1080;\" width=\"1920\" controls src=\"https:\/\/assets.akaunting.com\/hc\/2023\/05\/16104501\/generating-gst-report.mp4\"><\/video><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Click <strong>Generate New BAS.<\/strong><\/li>\n\n\n\n<li>The BAS Report has two sections &#8211; <strong>GST amount Tax Office owes from Purchase transactions <\/strong>and <strong>GST amount owed to Tax Office from Sales transactions<\/strong>.<\/li>\n\n\n\n<li>Switch the BAS tab to <strong>Simpler BAS <\/strong>to see the complete report.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Adjusting GST Report<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">After&nbsp;generating a BAS report, you can make adjustments.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Click <strong>Record Adjustments<\/strong> at the top of the <strong>Business Activity Statement<\/strong> page.<\/li>\n\n\n\n<li>On the Adjustments page, Enter the <strong>Date <\/strong>and Adjustment <strong>Number<\/strong>.<\/li>\n\n\n\n<li>Choose the <strong>Basis<\/strong> &#8211; <strong>Accrual<\/strong> or <strong>Cash, <\/strong>and <strong>Currency<\/strong>.<\/li>\n\n\n\n<li>Write a <strong>Description<\/strong>.<\/li>\n\n\n\n<li>In the <strong>Items<\/strong> section, select an <strong>Account<\/strong>.<\/li>\n\n\n\n<li>Enter the <strong>Note,<\/strong> <strong>Debit, <\/strong>and<strong> Credit<\/strong> amount.<\/li>\n\n\n\n<li>Then, <strong>Save<\/strong>.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Filling Taxes with GST<\/strong> Australia<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">After making the necessary adjustments to the report,<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Click on <strong>Mark as Field.<\/strong><\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/assets.akaunting.com\/hc\/2023\/05\/16104548\/mark-as-field-1024x576.png\" alt=\"Filling Taxes with GST Australia\" class=\"wp-image-1707\" srcset=\"https:\/\/assets.akaunting.com\/hc\/2023\/05\/16104548\/mark-as-field-1024x576.png 1024w, https:\/\/assets.akaunting.com\/hc\/2023\/05\/16104548\/mark-as-field-300x169.png 300w, https:\/\/assets.akaunting.com\/hc\/2023\/05\/16104548\/mark-as-field-768x432.png 768w, https:\/\/assets.akaunting.com\/hc\/2023\/05\/16104548\/mark-as-field-1536x864.png 1536w, https:\/\/assets.akaunting.com\/hc\/2023\/05\/16104548\/mark-as-field.png 1920w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Enter the <strong>Date of filing.<\/strong><\/li>\n\n\n\n<li>Click <strong>Confirm<\/strong>.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Goods and Services Tax (GST) for Australia app allows you to easily create and manage automated reports for lodging Business Activity Statements (BAS). The app is simplified for all users. You need to install the GST Australia App. Check out how to install or purchase apps on Akaunting. Setting up GST Setting Up Rates for [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"parent":1262,"menu_order":2,"comment_status":"open","ping_status":"closed","template":"","doc_tag":[],"class_list":["post-1265","docs","type-docs","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/akaunting.com\/hc\/wp-json\/wp\/v2\/docs\/1265","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/akaunting.com\/hc\/wp-json\/wp\/v2\/docs"}],"about":[{"href":"https:\/\/akaunting.com\/hc\/wp-json\/wp\/v2\/types\/docs"}],"author":[{"embeddable":true,"href":"https:\/\/akaunting.com\/hc\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/akaunting.com\/hc\/wp-json\/wp\/v2\/comments?post=1265"}],"version-history":[{"count":6,"href":"https:\/\/akaunting.com\/hc\/wp-json\/wp\/v2\/docs\/1265\/revisions"}],"predecessor-version":[{"id":1709,"href":"https:\/\/akaunting.com\/hc\/wp-json\/wp\/v2\/docs\/1265\/revisions\/1709"}],"up":[{"embeddable":true,"href":"https:\/\/akaunting.com\/hc\/wp-json\/wp\/v2\/docs\/1262"}],"wp:attachment":[{"href":"https:\/\/akaunting.com\/hc\/wp-json\/wp\/v2\/media?parent=1265"}],"wp:term":[{"taxonomy":"doc_tag","embeddable":true,"href":"https:\/\/akaunting.com\/hc\/wp-json\/wp\/v2\/doc_tag?post=1265"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}