There is an issue with the reporting of Taxable Payments to the ATO in relation to sub-contractors within the building and construction industry - when entering a suppliers invoice and you select the...
Could you, please give reference on the ATO page that says about reporting only on labour part and exclusion of material part, if both are in one invoice. I do this report since it first was introduced in construction industry and never heard of such a method.
You must disclose the total amount paid to each contractor for services rendered within or in connection with the specified industries. The entire amount should be recorded if you paid for both labour and supplies.