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Jaydana1's avatar
Jaydana1
Contributing User
3 years ago

Company We Are Invoicing For Works Doesn't Have An ABN, Only An ACN

Hi,

 

I am invoicing a Company that we did some work for (so trying to create a sales invoice).  They do not have an ABN, only an ACN.  When I create a client file for them, I have used N-T? (Would be helpful though if MYOB actually had a section to fill in the ACN details though).  Because I have selected N-T, when I try to create our sales invoice, it doesn't show GST but it should as WE (our Company) are registered for GST and we charge GST on our services.  They still have to pay our GST charge whether or not they have an ABN so why isn't it showing in the sales invoice section?  

4 Replies

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  • leibholdqpbc's avatar
    leibholdqpbc
    Experienced User

    Beleive you should have the tax on card set to GST  - not N-T

    • gavin12345's avatar
      gavin12345
      Ultimate User

      Hi Jaydana1 

       

      If no ABN is provided, in some instances you are generally required by law to deduct something like 46% - check with your accountant or the tax office. See here from the ATO website for example. Penalties may apply if you fail to deduct - it is like paying wages to an employee who does not provide a TFN.

       

      Regards

      Gavin

      • Jaydana1's avatar
        Jaydana1
        Contributing User

        Hi Gavin,

         

        Thank you for your response.  This is however a sales invoice I am raising not a purchase.  The other non-ABN Company will be paying us, we aren't paying him.  If we were paying him, then yes, I would have to withhold as you mention which I have done before also too.