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January 2022
January 2022
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?
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January 2022
January 2022
Beleive you should have the tax on card set to GST - not N-T
January 2022 - last edited January 2022
January 2022 - last edited January 2022
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
January 2022
January 2022
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.
January 2022
January 2022
Hi @Jaydana1
Sorry I missed the Sales Invoice part. There is no provision in MYOB for an ACN as this is not required to be reported.
As long as you don't tick 'Use Customer's Tax Code' (on Selling details tab), you can use N-T or GST etc on the Card - this will be ignored anyway. The Sales invoice will then use the Tax Code you have set for the Sales account being used (generally GST).
If you do tick 'Use Customer's Tax Code' (on Selling details tab) you should GST as @leibholdqpbc suggested to ensure MYOB applies GST.
So the Customer will see a GST Component on the invoice as is normal, whether they are registered for GST or not.
Regards
Gavin
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