How do I report in BAS if my company has deferred imports GST of 20,000 for non-capital purchases?
Is this correct?
- G10 Capital purchases
- 0.00
- G11 Non-capital purchases
- 220,000.00
- G12 (G10+G11)
- 220,000.00
- G13 Purchases for making input taxed sales
- 0.00
- G14 Purchases without GST
- 0.00
- G15 Estimated purchases for private use
- 0.00
- G16 (G13+G14+G15)
- 0.00
- G17 Total Purchases subject to GST (G12-G16)
- 220,000.00
- G18 Adjustments (if applicable)
- 0.00
- G19 Total purchases subject to GST after adjustments (G17+G18)
- 220,000.00
- G20 GST on purchases (G19/11)
- 20,000.00
- 1A Owed to ATO
- 0.00
- 1B Owed by ATO
- 20,000.00
- 7A Deferred imports amount
- 20,000.00
- Net payable (refundable)
- 0.00
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