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  • Step 2: Calculating sales using the calculation worksheet

    Step 2 includes information about:

    If you have chosen to use the accounts method, you do not need to complete step 2. Go to step 3.

    G4 Input-taxed sales

    Report at G4 your input taxed sales as listed below. If you haven’t already done so, check the list of supplementary activity statement instructions to see if you need to obtain any additional instructions that apply to your specific types of sales.

    All amounts reported at G4 on the worksheet should also have been reported at G1.

    You don’t report G4 on your activity statement, but you do need to show it in your records (it is used to calculate the amount you report at 1A on your activity statement).

    What you do and do not report at G4

    Report at G4:

    • Amounts from making input-taxed sales including:    
      • financial supplies
      • renting or leasing residential premises that are to be used predominantly for residential accommodation (that is, they are not commercial residential premises) as long as the lease is not a long-term lease
      • sales of residential premises that are to be used predominantly for residential accommodation (that is, they are not commercial residential premises or new residential premises).
       
    • In some circumstances you may be able to elect for the following sales to be input-taxed:    
      • providing long-term accommodation to an individual in commercial residential premises
      • food sales made by school tuckshops and canteens
      • sales connected to fundraising events conducted by eligible charities, gift deductible entities and government schools (if certain conditions are satisfied).
       

    Do not report at G4:

    • long-term leases of residential premises
    • new residential premises that were not used for residential accommodation before 2 December 1998, including premises that have been substantially renovated – report these at G1.

    See also:

    G5 Subtotal (G2 + G3 + G4)

    Add together the amounts you have reported at:

    • G2 (export sales)
    • G3 (other GST-free sales)
    • G4 (input taxed sales).

    This is the total of your GST-free and input-taxed sales.

    G6 Total sales subject to GST

    Subtract the amount at G5 from the amount at G1 (total sales). The answer is the total of your taxable sales.

    G7 Adjustments

    Report any increasing adjustments you have at G7 (see Adjustments).

    See also:

    G8 Total sales subject to GST after adjustments

    Add the amounts you have reported at G6 and G7 (adjustments). The result is the total of your taxable sales after adjustments.

    G9 GST on sales

    Divide G8 by 11. Transfer this amount to 1A (GST on sales) on your activity statement.

      Last modified: 30 Jun 2017QC 17458