Microsoft Dynamics AX Support

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Sample Australia GST Codes with the corresponding GST reporting codes

Note: This applies to Dynamics AX 2012 RTM, R2, R3, Dynamics 365 for Finance and Operations

Wondering why you are not getting the expected amounts in your Australia Business Activity Statement (BAS)?

 

One of the most common reasons for that to occur is that GST Codes are not set up with the right GST Reporting codes.

 

The GST code contains the basic information about the amount collected and paid to the authorities. This can be set up not only with amounts or percentages that need to be collected, but with various methods by which the amounts or percentages are applied to transaction amounts.

 

List of GST codes that comply with the Australian BAS:

 

GST Code

Name

GST Values

CAPITAL

Capital acquisition GST item

10%

CAPFREE

Capital acquisition GST free item

0%

EXPORTS

Exports FOB value

0%

EXPMISC

Exports miscellaneous charges

0%

FREE

GST free

0%

GST

GST 10 %

10%

NONDEDUCT

Non-income tax deductible acquisition

10%

GSTADJUST

GST adjustment

10%

INPUT

Input taxed sales

0%

INPUTACQ

Input taxed acquisitions with GST in price

10%

INPUTCAP

Capital input taxed acquisitions with GST in price

10%

NONDEDCAP

Non-deductible capital acquisitions

10%

LUX

Luxury car

10%

 

The Report setup tab is important when setting up GST codes, as it determines different GST amounts that are recorded in the BAS. Use the Report setup tab and the Report setup – credit note adjustment tab to link the GST code to particular GST Reporting codes for the BAS.

 

The Table below illustrates the setup of GST codes with the corresponding GST reporting codes to generate a BAS. The selection of the reporting codes in the fields in the Report setup tab links to the field in the BAS report.

 

GST Code

Report Setup Tab Fields

Report Codes Assigned

CAPITAL

Taxable purchase

10

GST receivable

10

CAPFREE

Taxable purchase

1014

Tax free purchase

1014

EXPORTS

Taxable sale

2

Tax free sale

2

EXPMISC

Taxable sale

3

Tax free sale

3

FREE

Taxable sale

3

Tax free sale

3

Taxable purchase

14

Tax free purchase

14

GST

Taxable sale

1

GST payable

1

Taxable purchase

11

GST receivable

11

NONDEDUCT

Taxable purchase

1015

GST receivable

1015

GSTADJUST

Taxable sale

7

GST payable

7

Taxable purchase

18

GST receivable

18

INPUT

Taxable sale

4

Tax free sale

4

INPUTACQ

Taxable purchase

13

GST receivable

13

INPUTCAP

Taxable purchase

1013

GST receivable

1013

NONDEDCAP

Taxable purchase

1015

GST receivable

1015

LUX

Taxable sale

201

Taxable purchase

202

 

TAX > INDIRECT TAXES > GST > PRINT > GST CODE > PRINT > GST reporting codes