GST code for eBay seller fees

Hi shau 

Not really.  It would be more pertinent now on the Sales side.  It would have also been more when the BAS was the long version but it is now a simplified verson so you don't even record the amount of purchases, just the GST claimed back.

Hi shau 

Thank you for your post. 

My recommendation would be to consult your accounting advisor and the ATO for guidance on what GST code to use for eBay seller fees. You can efer to this link when speaking to your accountant, since it outlines in details eBays Taxes and Imports charges.

Please let us know how you get on and if you have any further questions.

With respect, that link doesn't answer my question.

I can't afford an accountant so either I get help here or I'm just going to guess or do something at random.

I just need to know, FRE, or N-T or E some other code?

Hi shau 

Jesh_D Then don't tell me if you're not qualified, but there are plenty of accountants on here that can answer a harmless question to help out a little guy who doesn't have the resources.

It's infuriating because I just called the ATO and they rejected my question and now you're directing me back to them.

Hi shau 

I understand that you're frustrated, but unfortunately, as mentioned by Jesh_D , we're not permitted by law to give tax or accounting advice. Maybe you could try the ATO Community forum: atocommunity

Hopefully one of our users will be able to offer assistance. If you do need help with your software, please do let us know as we are happy to help.

Tracey_H That forum is useless, the responses unhelpful, and does more harm than good by wasting critical time.  Guess I'll just have to wing it, cause nobody will help.

Hi shau 

This particular Community Forum is aimed at supporting the MYOB products. For example, what process should be used to allocate a bank transaction, I am encountering an error with my software... While this Community Forum is visited by external accountants, bookkeepers and Partners that do provide advice from time to time on client financial enquires, we do recommend that users do seek their own financial advice from someone that has a more widespread concept of your accounts, financial situation, environment and structure, such as Accountant or another advisor. Financial advice ranging from what tax code/account a user should on a transaction to what is the best way to account for this type of transaction.

The MYOB Moderator team do provide general advice relating to the software. For example, with regards to your enquiry, AccountRight has a series of default zero-rated tax codes:

• FRE – for sales/purchases where the current rate of GST is NIL eg. basic food items, health services, etc.
• N-T or NTR – Used to record sales that carry no GST, such as depreciation and cash transfers.

Help Article: Summary of tax codes does provide a summary of the default tax codes in AccountRight.

As has been indicated, if a user is unsure what tax code to be used on a transaction it is recommended that the user does contact their financial advisor/accountant to provide that information. If you don't have access to an accountant there may be free services available to yourself that you could access, I would check out to see if there are any business advisor services in your area.

Once you have obtained what tax code, amounts and accounts required for that transaction, if you are still needing assistance with actually entering that transaction into your AccountRight software do let us know we would be happy to offer our assistance on that topic.

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Julie_A_C wrote:

Hi shau Steven_M Tracey_H Jesh_D 

 

If you have supplied Ebay with your ABN then you could either use Fre or create a new tax code of NT (not tax).

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I can't decide between the two: FRE or N-T.  Is one more technically correct than the other in the case of eBay seller fees being GST-"exempt"?  Are there other advantages to coding it one way or the other?