GST Not Calculating correctly

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RenaeS
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GST Not Calculating correctly

Hi

 

I am experiencing some difficulty with GST calculating incorrectly on some ITEM sales invoices.  The values are reported as GST Inclusive.  I have clicked on the tax information arrow on the invoice and the tax basis and taxable amount fields differ and are completely incorrect, as to is the GST.  This is not on all invoices.  Past invoices entered mostly appear correct.

I have tried deleting this invoice and re-entering - same thing happens. I have also tried entering a new invoice to a different customer and same thing occurs.

 

What am I missing?

 

I have attached a screenshot of the tax info for this invoice.  Total Invoice value of $150,750.  

 

 

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MYOB Moderator Steven_M
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Re: GST Not Calculating correctly

Hi @RenaeS

 

When you create an item in AccountRight in the Selling Details there is the option to calculate sale tax on. Ideally, that option should be set as Actual Selling Price, this does mean that it will use the price on the invoice to calculate the tax. In some cases, clients set it to calculate on the base selling price and thus have a different tax value than what they would expect as its using a different basis for the calculation.

 

I would recommend reviewing your items on that invoice and checking the Calculation Sales tax on option to ensure that it is set to be Actual Selling Price.

Kind regards,
Steven

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RenaeS
4 Posts
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Australia
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Re: GST Not Calculating correctly

Thank you Steven.  This resolved my issue,  

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