Completing the GST labels on your activity statement
Labels G1, G2, G3, G10, G11, G21, G22, G23, G24, 1A and 1B.
G1 Total sales
Total sales to report at G1 means all of the following:
- your GST-free sales
- your input-taxed sales
- your taxable sales.
Include items such as:
- gross fees for services
- gross sales
- trade-ins and barter transactions
- the sale, lease or rental of land and buildings
- interest earned
- membership fees and subscriptions
- government grants and certain private sector grants
- the sale of business assets such as office equipment
- amounts recovered as a result of a lay-by sale being cancelled
- holding or security deposits forfeited by customers.
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Don't include items such as:
- dividends
- private sales not related to your business
- salary and wages you receive
- hobby activities
- gifts
- trust and partnership distributions you receive
- tax refunds
- government pensions, allowances and payments.
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Most businesses can choose whether to include or exclude the GST component when reporting their taxable sales - select the 'yes' or 'no' at label G1. If you use the calculation worksheet method, you don't have a choice, you must include GST in amounts you report at all labels on your activity statement.
If you have no sales for the reporting period, enter '0' at G1.
G2 Export sales
Export sales to report at G2 are:
- the free on-board value of exported goods that meet the GST-free export rules
- payments for the repairs of goods from overseas that are to be exported
- payments for goods used in the repair of goods from overseas that are to be exported.
All amounts reported at G2 should also have been reported at G1.
Don't report at G2 any of the following:
- amounts for GST-free services, unless they relate to the repair, renovation, modification or treatment of goods from overseas whose destination is outside Australia
- amounts for freight and insurance for transport of the goods outside Australia, or other charges imposed outside Australia in the free on-board value
- amounts for international transport of goods or international transport of passengers.
If these items are GST-free, they should be reported at G3.
G3 Other GST-free sales
GST-free sales include things such as:
- most basic food
- health and education services
- certain childcare services.
Report at G3 all GST-free sales (other than export amounts shown at G2) that you've made. Amounts reported at G3 should also have been reported at G1.
G10 Capital purchases and G11 Non-capital purchases
Capital purchases include things such as:
- land and buildings
- machinery
- cash registers
- computers
- cars.
Non-capital purchases include trading stock and normal running expenses, such as:
- stationery and repairs
- equipment rentals
- leases.
G10 and G11 require you to separately report your capital and non-capital purchases. If you already record these purchases separately in your records, use this existing breakdown to complete labels G10 and G11. If you don't record capital and non-capital purchases separately and your GST turnover is expected to be less than $1 million, then the following applies:
- you only need to record capital items costing more than $1,000 at G10 (capital purchases)
- capital and non-capital items costing $1,000 or less can be recorded at G11 (non-capital purchases).
G21-G24 (option 3: pay GST instalment amount)
If you have chosen option 3, you can pay a quarterly GST instalment amount we work out and report your actual GST information annually. The GST instalment amount is shown at G21. Simply copy this amount to 1A.
If you think that the total of your advised instalment amounts will be more (or less) than your actual GST liability for the year, you can vary your instalment amount. You can vary your instalment amount for any quarter, but you can't vary it below zero. If your varied instalment amount or your estimate of your annual GST liability is too low, penalties may apply. You won't incur any penalty if each quarter you pay the instalment amount we have advised and you don't vary in any quarter. This is the case even if the total of these instalments is less than your actual GST liability for the year.
To vary your instalment amount you need to:
- work out your estimated annual GST liability and enter this at G22
- work out your instalment amount for the quarter - this depends on the number of quarters remaining in the year and the amount of instalments you've already paid; enter this amount at G23
- indicate your reason for varying by entering the appropriate reason code at G24.
1A and 1B - summary of GST on sales and purchases
1A - GST on sales or GST instalment
You report at 1A the total amount of GST (including any relevant adjustments) you're liable to pay us for the reporting period.
If you have no GST on sales or adjustments for the reporting period, write '0'.
If you report and pay GST quarterly using option 3 (the instalments option), report at 1A your GST instalment amount pre-printed at G21. If you've varied this amount, take the figure from G23 and report this amount at 1A.
If you use option 3, you must also lodge an Annual GST return at the end of the financial year and account for any difference between the following:
- your total GST instalments for the year
- your actual GST liability.
In your Annual GST return, report the total amount of GST on your sales plus any relevant adjustments at 1A.
1B - GST on purchases
You report at 1B the total amount of GST credits (including any relevant adjustments) you're eligible to claim from us.
If you have no GST on purchases or adjustments for the reporting period, write '0'.
If you use option 3 (the instalments option), you won't need to complete 1B on your quarterly activity statements. However, you must complete this box on your Annual GST return at the end of the financial year.
Your GST net amount is GST on sales (label 1A) + WET (label 1C) + LCT (label 1E) minus GST on purchases (label 1B) + WET refundable (label 1D) + LCT refundable (label 1F).
If you are a GST instalment payer, the total GST instalments paid by you (label 1H) are taken into account in working out your GST net amount.
Sections within Goods and services tax (GST)
Last Modified: Tuesday, 29 January 2013