Forum Discussion

LucaFerrari's avatar
LucaFerrari
2 years ago

Tax code with 100% GST only calculating 50% GST

I am an importer and using MYOB for the first time to allocate an invoice from Australian Customs. 

When one imports goods, Australian Customs issue an invoice with some Customs fees which are GST free and then a big chunk of GST on the total order value. For example if the goods are worth $10,000....$1,000 is charged to us in GST. 

Therefore I created a Tax code with a 100% GST rate specifically for this entry. There seems to be a bug as when I use this tax code, the system only picks 50% of the total amount as GST rather than the entire 100%. 

  • Earl_HD's avatar
    Earl_HD
    MYOB Moderator
    2 years ago

    Hi LucaFerrari 

    Thank you so much for your post. I assume you are referring to this post here. 

    If you need to record a transaction that is for the GST amount only, please record the transaction manually following this guide, then match it to the bank transaction after - Recording a GST only transaction.

    Please do let me know how you go on this.
    Regards,
    Earl

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