Forum Discussion

Ravinder's avatar
Ravinder
Experienced User
4 years ago
Solved

Overseas purchase

Hi I have bought a Printer from overseas amount of $14,493, having commercial invoice from the supplier. I have paid 30% advance payment on 17.06.2020 and 70% paid on 23.06.2020.The Printer will tak...
  • Neil_M's avatar
    Neil_M
    4 years ago

    Hi Ravinder 

     

    I’d recommend discussing this with your accountant, as they will be able to advise you of the appropriate tax treatment for this item for your BAS as well as whether you should record this as a bill or through another method, such as journal entries

Neil_M's avatar
Neil_M
Former Staff

Hi Ravinder 

 

I’d recommend discussing this with your accountant, as they will be able to advise you of the appropriate tax treatment for this item for your BAS as well as whether you should record this as a bill or through another method, such as journal entries

Ravinder's avatar
Ravinder
Experienced User
4 years ago

Hi Neil

 

Thanks for your advise.

 

Kind Regards

Ravinder