Label G1 total salesEnter the actual amount for label G1 directly onto the activity statement. The amount for label G1 may be calculated including or excluding GST and the question Does the amount shown at G1 include GST? must be answered. For full details refer to Total sales and income and other supplies (label G1). Label G2 export salesEnter the actual amount for label G2 directly onto the activity statement. A worksheet is not provided. Note that this field is disabled if Simpler BAS is set to Y. For full details refer to Export sales (label G2). Label G3 other GST-free salesEnter the actual amount for Label G3 directly onto the activity statement. Note that this field is disabled if Simpler BAS is set to Y. For full details refer to Other GST-free sales (label G3). Label G10 capital purchasesComplete this field only if the business made capital purchases and these were for use in its enterprise. Note that this field is disabled if Simpler BAS is set to ‘Y’. Include the amounts paid in the current tax period, including amounts paid for capital assets such as plant and equipment, motor vehicles, land and buildings, and for other expenditure of a capital nature. If the business does not account on a cash basis, including the amount payable for purchases or any consideration paid or where the supplier has issued an invoice requesting payment. Also, include amounts for importations of capital items for amounts of more than $300. Capital purchases for amounts of $300 or less should be included at label G11. UI Expand |
---|
title | To complete the field |
---|
| - Purchases: Calculate the total amount of purchases of capital items.
- Importations and intangibles from offshore: Calculate the total amount of importations and intangibles from offshore which are of a capital nature.
- Enter the total amount for purchases capital items.
|
Label G11 Non-capital purchases (including any GST)Include in this field the amounts paid in the current tax period for all other purchases for use in the business, but do not include salaries and wages paid to employees. Note that this field is disabled if Simpler BAS is set to Y. If the business does not account for GST on a cash basis, include (in the current tax period) the total amount payable for purchases for which the business has paid any of the consideration or the supplier has issued an invoice requesting payment. For most businesses, this will include most business expenses. Purchases that are not for use in the business should not be included. (Include amounts for purchases that are only partly for use in the business. Include the whole payment at Label G11 and the part of the payment that relates to the planned private use at label G15.) The amounts included may be payments (or the money equivalent of some other form of consideration) for goods, services or anything else for use in the business. Calculate the total amount paid for purchases for the business. Calculate the amount to include for importations. Enter this total amount for purchases at G11. Special rules apply to labels G10 and G11These special rules apply to: - Purchases of second-hand trading stock from unregistered persons
- Refunds for returnable containers
- Insurance premiums
- Long-term accommodation in commercial residential premises.
Refer to Special allowable amounts (labels G10 and G11). |