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Record GST Payments And ATO Refunds

Processing GST payments and refunds from the Australian Tax Office (ATO) in Agrimaster is automatically performed as part of the Closing Of The Business Activity Statement (BAS) Period in Agrimaster.

This article is for users who have just started using Agrimaster, and need to record a previous BAS payment or refund manually. You can also use this process if you selected No to create the transaction when closing your BAS.

When processing the GST payments or refunds, you may need the following Codes:

Code

Allocation

Amount

Used When

GST Refunded

Not required

Credit

ATO owes you for GST.

GST Remitted

Not required

Debit

You owe the ATO for GST.

Wages Tax Deducted

Wages tax remitted

Debit

You are paying the ATO the tax withheld from your employees’ wages. 

Fuel Tax rebate

Not required

Credit

The ATO owes you a refund for fuel purchased.

Entering A GST Refund From The ATO

For Example

The ATO owes you $5000 for GST, you need to pay wages tax of $2000 and the ATO owes you a fuel tax rebate of $1000.

Here is an example of how the transaction would look in Agrimaster.

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To enter a GST refund, the process is the same as any other transaction. For more information, see Enter Payments.

Entering A GST Payment To The ATO

For Example

You owe The ATO $5000 for GST, you need to pay wages tax of $2000 and the ATO owes you a fuel tax rebate of $1000.

Here is an example of how the transaction would look in Agrimaster.

 

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