Labels G21–G24 are for those using the GST Instalment method and as such are excluded from the GST Calculation worksheet.

If you have no taxable sales, GST-free sales, export sales, purchases to report, enter 0 at Label G1 and leave labels G2, G3, G10 and G11 blank.

For businesses using the Calculation Sheet method, enter the actual amount for Label G1 on the GST Calculation Worksheetw or Label G1 may be calculated using the Total sales (including any GST) worksheet.

For businesses using the Accounts method, enter the actual amount for Label G1 directly onto the activity statement.

For businesses using the Calculation Sheet method, enter the actual amount for Label G2 on the GST Calculation worksheet or it may be calculated using the Export sales worksheet.

For businesses using the Accounts method, enter Label G2 directly onto the activity statement.

For businesses using the Calculation Sheet method, enter the actual amount for Label G3 on the GST Calculation worksheet or it may be calculated using GST-free sales worksheet.

For businesses using the Account method, enter the actual amount for Label G3 directly onto the activity statement.

This field comprises the total GST-free and input taxed sales and is calculated as follows:

Label G6 Total Sales Subject to GST (G1 minus G5)

This field comprises the total taxable sales and is calculated as follows:

This field comprises the total taxable sales after adjustments and is calculated as follows:

This is the result of dividing G8 by eleven.

Complete this field only if the business made capital acquisitions and capital importations for use in its business.

Include the amounts paid in the current tax period, include amounts paid for capital assets such as plant and equipment, motor vehicles, land and buildings, and for other expenditure of a capital nature and are recorded as capital in your accounts.

If the business does not account on a cash basis, include 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.

• Purchases: Calculate the amount of purchases of capital items. Include the whole amount at Label G10 and part of the amount, if any, that relates to:

  • making input taxed sales at Label G13, or

  • planned private use at Label G15

• Importations and intangibles from offshore: Calculate the amount of importations and intangibles from offshore which are of a capital nature. Include the whole amount at Label G10 and the part of the amount, if any, that relates to:

  • making input taxed sales at Label G13

  • planned private use at Label G15

• Enter the total amount for purchases capital items.

The amount you show at G1 is GST inclusive. Do not include salary, wages or other payments to employees.

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.

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.

To calculate:

1. Calculate the total amount paid for purchases for the business.

2. Calculate the amount to include for importations.

3. Enter this total amount for purchases at G11.

Special rules apply to labels G10 or G11 relating to:

• Purchases of second-hand trading stock from unregistered persons

• Refunds for returnable containers

• Insurance premiums, and

• Long-term accommodation in commercial residential premises.

This field is the total acquisitions and importations for the business, and is calculated as follows:

A business is not entitled to input tax credits for GST included in acquisitions and paid on importations related to making input taxed sales. However, if the business makes financial supplies, it could be entitled to a partial credit for certain acquisitions.

To calculate:

1. Calculate the total amount of acquisitions and importations.

   If an amount has been included at Labels G10 or G11 and it relates in whole or in part to making any of the input taxed sales listed above, show at Label G13 the whole or part of the amount for the purchases relating to making those sales.

   However, if the annual turnover of financial supplies is less than $50,000, or 5% of the total annual turnover (including input taxed sales), you do not have to include any part of the amount related to making those financial sales at Label G13. This means that the business is entitled to the input tax credits for GST included in the purchases relating to those sales.

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   There is a different way of calculating the amount to include at Label G13 for certain purchases related to making financial sales known as 'reduced credit purchases'. Contact the ATO on 13 24 78 for more information.

2. Enter the total amount at Label G13.

1. Calculate the total amount of purchases where no GST was included in the price as well as importations that were not taxable.

2. Enter the total amount at Label G14.

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   All amounts included at Label G14 should also have been included at Labels G10 or G11. Do not include amounts already shown at G13.

The amount shown at G15 is GST-inclusive.

 To calculate:

1. Calculate the amount relating to the planned private or domestic use for each acquisition or importation. Do this by estimating the percentage planned private use and multiplying the total amount by this percentage. (The total amount will have been included at labels G10 or G11.)

2. Calculate the amount relating to purchases that are not deductible for income tax purposes.

3. Add the amounts from steps 1 and 2 and enter the total at Label G15.

This field is the total of non-creditable acquisitions and is calculated as follows:

This field is the total of creditable acquisitions and is calculated as follows:

This field is the total of creditable acquisitions after adjustments and is calculated as follows: