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Jo88's avatar
Jo88
7 months ago
Solved

G11 explanation

I have a question about G11 non-capital purchases figure that is generated on the GST return report. It appears to include GST and  GST free purchases.  Is that correct?  As I have been only including purchases with GST in the past.  

Thank you!

 

G11
  • Genreve_S's avatar
    Genreve_S
    6 months ago

    Hi Jo88, 

     

    I believe it's best to reach out to an accountant or financial advisor regarding your question as they can provide the most accurate answer.

     

    Regards,
    Genreve

3 Replies

  • DuncanS's avatar
    DuncanS
    Ultimate Partner
    6 months ago

    Jo88 

     

    I understand Simplier BAS commenced some years ago.

     

    Maybe MYOB can assist whether G11 is required on a BAS.

     

    Duncan Smith

  • Genreve_S's avatar
    Genreve_S
    MYOB Moderator
    6 months ago

    Hi Jo88, 

     

    I believe it's best to reach out to an accountant or financial advisor regarding your question as they can provide the most accurate answer.

     

    Regards,
    Genreve

  • DuncanS's avatar
    DuncanS
    Ultimate Partner
    6 months ago

    Jo88Genreve_S 

     

    MYOB has a Fact Sheet titled "Simpler BAS Reporting".  No Date.

     

    The Fact Sheet has a link to the ATO website (QC 48878 dated 15 April 2021).

     

    Duncan Smith

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