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Tina.Liu(Newbie)Newbie
7 Nov 2024

Hi there,


I have a question about G10 on BAS statement. We are a computer hardware company, and we provide IT equipment for our employees to use. Does the cost of IT equipment we provide to our employee part of G10 capital purchase? If yes which amount we should use to disclose in G10, selling price or system cost?


Also we pay a third party some fee for system upgrade (adding more functions for example). Does this part of G10? If we pay the overseas third party for this then the amount we disclose in G10 should be net amount without GST? (we don't pay GST to overseas vendor)


Thanks.


Thanks.

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1 replies
185 views
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Most helpful reply

AriATO(Community Support)Community Support
8 Nov 2024

Hi @Tina.Liu


Depends on the items and how much they cost. If less than $1,000 they can be reported at G11 even if they're capital items. If more than $1,000 and they're plant and equipment report them at G10.


Intangible supplies purchased off-shore are reported at G11. Assess if you system upgrade falls under this. It may also be a service which is reported at G11.


You'd report what you paid for the service or liable to pay.


Read more info about Purchases here.

All replies

Most helpful reply

AriATO(Community Support)Community Support
8 Nov 2024

Hi @Tina.Liu


Depends on the items and how much they cost. If less than $1,000 they can be reported at G11 even if they're capital items. If more than $1,000 and they're plant and equipment report them at G10.


Intangible supplies purchased off-shore are reported at G11. Assess if you system upgrade falls under this. It may also be a service which is reported at G11.


You'd report what you paid for the service or liable to pay.


Read more info about Purchases here.

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